Freestone Capital Holdings LLC decreased its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 96.1% during the first quarter, HoldingsChannel.com reports. The fund owned 54,351 shares of the exchange traded fund’s stock after selling 1,349,482 shares during the quarter. Freestone Capital Holdings LLC’s holdings in Alerian MLP ETF were worth $545,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also modified their holdings of AMLP. ERTS Wealth Advisors LLC bought a new stake in Alerian MLP ETF during the 4th quarter valued at $30,000. North Star Investment Management Corp. raised its holdings in Alerian MLP ETF by 68.0% during the 1st quarter. North Star Investment Management Corp. now owns 4,200 shares of the exchange traded fund’s stock valued at $42,000 after acquiring an additional 1,700 shares during the period. Phocas Financial Corp. bought a new stake in Alerian MLP ETF during the 4th quarter valued at $44,000. Legacy Advisors LLC bought a new stake in Alerian MLP ETF during the 1st quarter valued at $44,000. Finally, MRA Associates USA LLC bought a new stake in Alerian MLP ETF during the 4th quarter valued at $61,000.
Shares of AMLP stock opened at $9.87 on Friday. Alerian MLP ETF has a 1 year low of $8.27 and a 1 year high of $11.41.
The company also recently declared a quarterly dividend, which was paid on Thursday, May 16th. Stockholders of record on Friday, May 10th were issued a $0.195 dividend. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $0.78 annualized dividend and a dividend yield of 7.90%.
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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.
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