28,896 Shares in Alerian MLP ETF $AMLP Purchased by Dakota Wealth Management

Dakota Wealth Management acquired a new stake in Alerian MLP ETF (NYSEARCA:AMLP) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 28,896 shares of the exchange traded fund’s stock, valued at approximately $1,359,000.

Other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC raised its stake in Alerian MLP ETF by 19.4% in the 4th quarter. Brighton Jones LLC now owns 44,781 shares of the exchange traded fund’s stock valued at $2,157,000 after acquiring an additional 7,280 shares during the period. Franklin Resources Inc. lifted its holdings in Alerian MLP ETF by 3.2% during the 2nd quarter. Franklin Resources Inc. now owns 38,235 shares of the exchange traded fund’s stock valued at $1,868,000 after purchasing an additional 1,198 shares during the last quarter. CreativeOne Wealth LLC boosted its position in Alerian MLP ETF by 89.7% during the second quarter. CreativeOne Wealth LLC now owns 9,402 shares of the exchange traded fund’s stock worth $459,000 after purchasing an additional 4,446 shares during the period. Level Four Advisory Services LLC boosted its position in Alerian MLP ETF by 1.0% during the second quarter. Level Four Advisory Services LLC now owns 20,536 shares of the exchange traded fund’s stock worth $1,003,000 after purchasing an additional 210 shares during the period. Finally, Trustmark Bank Trust Department increased its holdings in shares of Alerian MLP ETF by 34.3% in the second quarter. Trustmark Bank Trust Department now owns 13,259 shares of the exchange traded fund’s stock valued at $648,000 after purchasing an additional 3,390 shares during the last quarter.

Alerian MLP ETF Price Performance

Shares of AMLP opened at $53.48 on Friday. The company’s 50-day moving average is $51.44 and its 200-day moving average is $48.60. The firm has a market capitalization of $12.05 billion, a PE ratio of 14.17 and a beta of 0.70. Alerian MLP ETF has a fifty-two week low of $43.75 and a fifty-two week high of $54.20.

Alerian MLP ETF Increases Dividend

The business also recently declared 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 of this dividend was Wednesday, February 11th. This represents a $4.04 annualized dividend and a yield of 7.6%. This is an increase 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).