Advisors Preferred LLC Reduces Stock Holdings in Alerian MLP ETF $AMLP

Advisors Preferred LLC trimmed its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 70.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,330 shares of the exchange traded fund’s stock after selling 107,392 shares during the period. Advisors Preferred LLC’s holdings in Alerian MLP ETF were worth $2,125,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AMLP. Orion Porfolio Solutions LLC lifted its holdings in shares of Alerian MLP ETF by 326.3% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 1,039,696 shares of the exchange traded fund’s stock valued at $50,800,000 after purchasing an additional 795,787 shares during the last quarter. Assetmark Inc. increased its position in Alerian MLP ETF by 1,024.7% during the third quarter. Assetmark Inc. now owns 716,978 shares of the exchange traded fund’s stock worth $33,648,000 after buying an additional 653,230 shares during the period. Rockefeller Capital Management L.P. lifted its stake in Alerian MLP ETF by 60.4% in the second quarter. Rockefeller Capital Management L.P. now owns 856,674 shares of the exchange traded fund’s stock valued at $41,857,000 after buying an additional 322,729 shares during the last quarter. TRUE Private Wealth Advisors boosted its holdings in shares of Alerian MLP ETF by 3,254.0% in the second quarter. TRUE Private Wealth Advisors now owns 330,398 shares of the exchange traded fund’s stock valued at $16,143,000 after acquiring an additional 320,547 shares during the period. Finally, RS Crum Inc. acquired a new stake in shares of Alerian MLP ETF in the second quarter valued at approximately $14,966,000.

Alerian MLP ETF Price Performance

Shares of Alerian MLP ETF stock opened at $51.79 on Friday. The firm’s fifty day simple moving average is $48.94 and its 200-day simple moving average is $47.86. Alerian MLP ETF has a 12 month low of $43.75 and a 12 month high of $52.58. The stock has a market capitalization of $11.67 billion, a price-to-earnings ratio of 14.17 and a beta of 0.70.

Alerian MLP ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Wednesday, February 11th were given a $1.01 dividend. The ex-dividend date was Wednesday, February 11th. This is a positive change from Alerian MLP ETF’s previous quarterly dividend of $1.00. This represents a $4.04 annualized dividend and a yield of 7.8%.

About Alerian MLP ETF

ALERIAN MLP ETF seeks investment results that correspond (before fees and expenses) to the price and yield performance of its underlying index, the Alerian MLP Infrastructure Index (the Index). The Index is a rules based, modified capitalization weighted, float adjusted index intended to give investors a means of tracking the overall performance of the United States energy infrastructure Master Limited Partnership (MLP) asset class. The Index is comprised of 25 energy infrastructure MLPs. The fund will invest at least 90% of its total assets in securities, which comprise the Index (or depositary receipts based on such securities).