Algorithmic Investment Models LLC Has $5.07 Million Position in Alerian MLP ETF $AMLP

Algorithmic Investment Models LLC grew its position in Alerian MLP ETF (NYSEARCA:AMLP) by 21.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 107,951 shares of the exchange traded fund’s stock after purchasing an additional 19,039 shares during the period. Alerian MLP ETF comprises about 3.4% of Algorithmic Investment Models LLC’s portfolio, making the stock its 9th largest holding. Algorithmic Investment Models LLC’s holdings in Alerian MLP ETF were worth $5,066,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently made changes to their positions in AMLP. Brighton Jones LLC lifted its position in shares of Alerian MLP ETF by 19.4% during the fourth quarter. Brighton Jones LLC now owns 44,781 shares of the exchange traded fund’s stock worth $2,157,000 after acquiring an additional 7,280 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Alerian MLP ETF by 2.6% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 960,485 shares of the exchange traded fund’s stock valued at $46,929,000 after purchasing an additional 24,497 shares during the period. Anthracite Investment Company Inc. lifted its holdings in Alerian MLP ETF by 6.8% during the 2nd quarter. Anthracite Investment Company Inc. now owns 12,000 shares of the exchange traded fund’s stock worth $586,000 after purchasing an additional 760 shares in the last quarter. Ingalls & Snyder LLC boosted its stake in Alerian MLP ETF by 19.1% in the 2nd quarter. Ingalls & Snyder LLC now owns 33,060 shares of the exchange traded fund’s stock worth $1,615,000 after purchasing an additional 5,300 shares during the period. Finally, Perissos Private Wealth Management LLC grew its holdings in Alerian MLP ETF by 2.8% during the 2nd quarter. Perissos Private Wealth Management LLC now owns 22,576 shares of the exchange traded fund’s stock valued at $1,103,000 after buying an additional 620 shares in the last quarter.

Alerian MLP ETF Stock Up 0.5%

Shares of AMLP opened at $51.79 on Monday. Alerian MLP ETF has a twelve month low of $43.75 and a twelve month high of $52.58. The stock has a market cap of $11.67 billion, a PE ratio of 14.17 and a beta of 0.70. The business’s 50-day moving average price is $48.94 and its 200-day moving average price is $47.85.

Alerian MLP ETF Increases Dividend

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

Alerian MLP ETF Company Profile

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).