Chickasaw Capital Management LLC Purchases Shares of 9,550 Alerian MLP ETF $AMLP

Chickasaw Capital Management LLC acquired a new stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) in the fourth quarter, Holdings Channel.com reports. The fund acquired 9,550 shares of the exchange traded fund’s stock, valued at approximately $449,000.

Other large investors have also modified their holdings of the company. Level Four Advisory Services LLC grew its holdings in shares of Alerian MLP ETF by 1.0% in the 2nd quarter. Level Four Advisory Services LLC now owns 20,536 shares of the exchange traded fund’s stock worth $1,003,000 after acquiring an additional 210 shares during the last quarter. CWA Asset Management Group LLC lifted its holdings in shares of Alerian MLP ETF by 1.1% during the fourth quarter. CWA Asset Management Group LLC now owns 19,438 shares of the exchange traded fund’s stock valued at $914,000 after purchasing an additional 220 shares during the last quarter. Opal Wealth Advisors LLC lifted its holdings in shares of Alerian MLP ETF by 2.7% during the third quarter. Opal Wealth Advisors LLC now owns 8,467 shares of the exchange traded fund’s stock valued at $397,000 after purchasing an additional 221 shares during the last quarter. Shepherd Kaplan Krochuk LLC boosted its position in shares of Alerian MLP ETF by 2.2% in the 3rd quarter. Shepherd Kaplan Krochuk LLC now owns 10,866 shares of the exchange traded fund’s stock valued at $510,000 after purchasing an additional 237 shares during the period. Finally, Private Advisory Group LLC boosted its position in shares of Alerian MLP ETF by 5.6% in the 3rd quarter. Private Advisory Group LLC now owns 4,524 shares of the exchange traded fund’s stock valued at $212,000 after purchasing an additional 239 shares during the period.

Alerian MLP ETF Trading Up 0.5%

Shares of AMLP opened at $53.11 on Tuesday. The business’s 50-day moving average price is $51.09 and its 200 day moving average price is $48.44. The stock has a market capitalization of $11.97 billion, a P/E ratio of 14.17 and a beta of 0.70. Alerian MLP ETF has a 1-year low of $43.75 and a 1-year high of $53.50.

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 issued 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 dividend yield of 7.6%.

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).