Alerian MLP ETF (NYSEARCA:AMLP) Shares Sold by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC lessened its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 67.4% during the 4th quarter, Holdings Channel reports. The fund owned 33,663 shares of the exchange traded fund’s stock after selling 69,697 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Alerian MLP ETF were worth $1,621,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ashton Thomas Securities LLC acquired a new stake in Alerian MLP ETF during the third quarter worth about $28,000. City State Bank purchased a new stake in shares of Alerian MLP ETF in the 4th quarter valued at approximately $40,000. Advisors Asset Management Inc. acquired a new stake in shares of Alerian MLP ETF during the 3rd quarter worth approximately $65,000. Rosenberg Matthew Hamilton raised its position in shares of Alerian MLP ETF by 803.5% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 1,545 shares of the exchange traded fund’s stock valued at $73,000 after buying an additional 1,374 shares during the period. Finally, Geneos Wealth Management Inc. lifted its holdings in Alerian MLP ETF by 159.5% in the fourth quarter. Geneos Wealth Management Inc. now owns 1,570 shares of the exchange traded fund’s stock valued at $76,000 after acquiring an additional 965 shares during the last quarter.

Alerian MLP ETF Stock Down 1.0 %

AMLP stock opened at $51.71 on Friday. Alerian MLP ETF has a 52-week low of $44.21 and a 52-week high of $53.24. The stock has a market cap of $9.30 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. The business has a fifty day moving average of $50.40 and a two-hundred day moving average of $48.53.

Alerian MLP ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, February 18th. Stockholders of record on Wednesday, February 12th were issued a dividend of $0.97 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This is a boost from Alerian MLP ETF’s previous dividend of $0.94.

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.