Checchi Capital Advisers LLC Has $11.58 Million Stock Position in Alerian MLP ETF (NYSEARCA:AMLP)

Checchi Capital Advisers LLC cut its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 3.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 240,446 shares of the exchange traded fund’s stock after selling 9,401 shares during the period. Alerian MLP ETF comprises approximately 0.7% of Checchi Capital Advisers LLC’s holdings, making the stock its 29th largest holding. Checchi Capital Advisers LLC’s holdings in Alerian MLP ETF were worth $11,580,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Lake Street Advisors Group LLC raised its stake in Alerian MLP ETF by 3.3% during the fourth quarter. Lake Street Advisors Group LLC now owns 12,400 shares of the exchange traded fund’s stock worth $597,000 after acquiring an additional 400 shares in the last quarter. Edge Capital Group LLC grew its holdings in shares of Alerian MLP ETF by 43.4% in the 4th quarter. Edge Capital Group LLC now owns 7,993 shares of the exchange traded fund’s stock worth $385,000 after purchasing an additional 2,421 shares during the last quarter. Crestwood Advisors Group LLC bought a new stake in shares of Alerian MLP ETF in the 4th quarter worth about $341,000. IFP Advisors Inc increased its position in shares of Alerian MLP ETF by 4.2% during the 4th quarter. IFP Advisors Inc now owns 168,295 shares of the exchange traded fund’s stock worth $8,105,000 after purchasing an additional 6,730 shares in the last quarter. Finally, Mainstay Capital Management LLC ADV lifted its holdings in Alerian MLP ETF by 1.6% during the 4th quarter. Mainstay Capital Management LLC ADV now owns 54,747 shares of the exchange traded fund’s stock valued at $2,637,000 after purchasing an additional 846 shares during the last quarter.

Alerian MLP ETF Trading Down 0.3 %

Shares of Alerian MLP ETF stock opened at $51.26 on Wednesday. The stock has a market capitalization of $10.55 billion, a price-to-earnings ratio of 14.01 and a beta of 1.38. The firm’s 50-day moving average price is $50.53 and its two-hundred day moving average price is $48.63. Alerian MLP ETF has a 1-year low of $44.21 and a 1-year high of $53.24.

Alerian MLP ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, February 18th. Investors of record on Wednesday, February 12th were given a dividend of $0.97 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This is a positive change 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.