Aprio Wealth Management LLC Buys 48,262 Shares of Alerian MLP ETF $AMLP

Aprio Wealth Management LLC boosted its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 15.5% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 359,899 shares of the exchange traded fund’s stock after buying an additional 48,262 shares during the quarter. Alerian MLP ETF accounts for 1.7% of Aprio Wealth Management LLC’s investment portfolio, making the stock its 13th largest holding. Aprio Wealth Management LLC’s holdings in Alerian MLP ETF were worth $16,890,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Orion Porfolio Solutions LLC raised its stake in shares of Alerian MLP ETF by 326.3% in the second quarter. Orion Porfolio Solutions LLC now owns 1,039,696 shares of the exchange traded fund’s stock valued at $50,800,000 after acquiring an additional 795,787 shares during the period. Assetmark Inc. raised its position in Alerian MLP ETF by 1,024.7% in the 3rd quarter. Assetmark Inc. now owns 716,978 shares of the exchange traded fund’s stock worth $33,648,000 after purchasing an additional 653,230 shares during the period. US Bancorp DE raised its position in Alerian MLP ETF by 57.6% in the 3rd quarter. US Bancorp DE now owns 1,197,958 shares of the exchange traded fund’s stock worth $56,220,000 after purchasing an additional 437,947 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 worth $41,857,000 after purchasing an additional 322,729 shares during the last quarter. Finally, TRUE Private Wealth Advisors boosted its position in shares of Alerian MLP ETF by 3,254.0% during 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 buying an additional 320,547 shares during the period.

Alerian MLP ETF Stock Performance

AMLP opened at $52.04 on Friday. The stock’s 50 day moving average price is $49.41 and its 200-day moving average price is $47.96. Alerian MLP ETF has a one year low of $43.75 and a one year high of $52.58. The stock has a market cap of $11.73 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. This is a boost from Alerian MLP ETF’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Wednesday, February 11th. This represents a $4.04 annualized dividend and a yield of 7.8%.

Alerian MLP ETF 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).