Ables Iannone Moore & Associates Inc. Takes $1.21 Million Position in Alerian MLP ETF $AMLP

Ables Iannone Moore & Associates Inc. bought a new position in shares of Alerian MLP ETF (NYSEARCA:AMLP) in the 4th quarter, HoldingsChannel reports. The fund bought 25,774 shares of the exchange traded fund’s stock, valued at approximately $1,212,000. Alerian MLP ETF comprises approximately 0.7% of Ables Iannone Moore & Associates Inc.’s investment portfolio, making the stock its 29th largest holding.

A number of other institutional investors and hedge funds also recently made changes to their positions in AMLP. PMG Family Office LLC purchased a new stake in shares of Alerian MLP ETF in the third quarter worth approximately $369,000. Lindenwold Advisors INC purchased a new position in shares of Alerian MLP ETF during the third quarter valued at approximately $328,000. Stillwater Wealth Management Group purchased a new position in shares of Alerian MLP ETF during the third quarter valued at approximately $665,000. Payne Capital Management LLC boosted its position in shares of Alerian MLP ETF by 4.8% during the third quarter. Payne Capital Management LLC now owns 58,936 shares of the exchange traded fund’s stock valued at $2,766,000 after buying an additional 2,724 shares during the last quarter. Finally, Investment Research Partners LLC bought a new stake in Alerian MLP ETF during the third quarter worth $240,000.

Alerian MLP ETF Trading Up 1.0%

NYSEARCA AMLP opened at $53.06 on Friday. The business has a fifty day simple moving average of $50.90 and a 200 day simple moving average of $48.37. Alerian MLP ETF has a 12 month low of $43.75 and a 12 month high of $53.24. The firm has a market capitalization of $11.95 billion, a P/E ratio of 14.17 and a beta of 0.70.

Alerian MLP ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Wednesday, February 11th were paid a $1.01 dividend. This represents a $4.04 annualized dividend and a dividend yield of 7.6%. The ex-dividend date was Wednesday, February 11th. This is a positive change from Alerian MLP ETF’s previous quarterly dividend of $1.00.

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).