10Elms LLP Takes Position in Alerian MLP ETF (NYSEARCA:AMLP)

10Elms LLP purchased a new stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) during the 4th quarter, Holdings Channel reports. The fund purchased 1,150 shares of the exchange traded fund’s stock, valued at approximately $55,000.

A number of other institutional investors also recently bought and sold shares of AMLP. Strategic Financial Concepts LLC purchased a new stake in shares of Alerian MLP ETF in the fourth quarter valued at $27,000. Mark Sheptoff Financial Planning LLC grew its holdings in Alerian MLP ETF by 400.0% during the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 625 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 500 shares during the last quarter. Hurley Capital LLC bought a new position in Alerian MLP ETF during the 4th quarter valued at about $32,000. 1620 Investment Advisors Inc. purchased a new stake in Alerian MLP ETF in the 4th quarter worth about $38,000. Finally, Capital Analysts LLC lifted its stake in Alerian MLP ETF by 102.8% in the fourth quarter. Capital Analysts LLC now owns 955 shares of the exchange traded fund’s stock worth $46,000 after purchasing an additional 484 shares during the last quarter.

Alerian MLP ETF Stock Up 0.2%

AMLP stock opened at $48.92 on Wednesday. Alerian MLP ETF has a twelve month low of $43.75 and a twelve month high of $53.24. The firm has a market cap of $10.27 billion, a price-to-earnings ratio of 12.85 and a beta of 0.68. The business’s fifty day simple moving average is $49.23 and its two-hundred day simple moving average is $49.74.

Alerian MLP ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, May 19th. Stockholders of record on Wednesday, May 14th were issued a $0.98 dividend. This is a boost from Alerian MLP ETF’s previous quarterly dividend of $0.95. This represents a $3.92 dividend on an annualized basis and a dividend yield of 8.01%.

Alerian MLP ETF Company 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.