Alerian MLP ETF (NYSEARCA:AMLP) Shares Sold by Tcfg Wealth Management LLC

Tcfg Wealth Management LLC trimmed its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 5.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,328 shares of the exchange traded fund’s stock after selling 1,525 shares during the period. Tcfg Wealth Management LLC’s holdings in Alerian MLP ETF were worth $1,268,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Hilton Capital Management LLC purchased a new position in Alerian MLP ETF in the 3rd quarter worth approximately $31,562,000. EP Wealth Advisors LLC lifted its position in Alerian MLP ETF by 10,423.5% during the third quarter. EP Wealth Advisors LLC now owns 511,442 shares of the exchange traded fund’s stock worth $24,104,000 after buying an additional 506,582 shares in the last quarter. School Employees Retirement Board of Ohio purchased a new stake in Alerian MLP ETF in the 3rd quarter valued at $14,643,000. LPL Financial LLC increased its stake in shares of Alerian MLP ETF by 13.0% in the 3rd quarter. LPL Financial LLC now owns 2,399,962 shares of the exchange traded fund’s stock worth $113,110,000 after acquiring an additional 275,254 shares during the last quarter. Finally, Crescent Grove Advisors LLC purchased a new position in shares of Alerian MLP ETF during the 4th quarter worth $12,868,000.

Alerian MLP ETF Trading Up 0.4 %

Shares of AMLP opened at $51.57 on Friday. Alerian MLP ETF has a 12-month low of $43.59 and a 12-month high of $53.24. The firm has a market capitalization of $9.28 billion, a P/E ratio of 13.08 and a beta of 0.48. The firm has a 50-day moving average price of $50.11 and a 200 day moving average price of $48.37.

Alerian MLP ETF Increases Dividend

The company also recently declared a dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Wednesday, February 12th will be issued a dividend of $0.97 per share. The ex-dividend date is Wednesday, February 12th. This is an increase from Alerian MLP ETF’s previous dividend of $0.94.

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.