Alerian MLP ETF (NYSEARCA:AMLP) Shares Sold by First Horizon Advisors Inc.

First Horizon Advisors Inc. lessened its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 78.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 745 shares of the exchange traded fund’s stock after selling 2,716 shares during the period. First Horizon Advisors Inc.’s holdings in Alerian MLP ETF were worth $36,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. Strategic Financial Concepts LLC acquired a new position in Alerian MLP ETF during the 4th quarter worth about $27,000. Ashton Thomas Securities LLC acquired a new position in Alerian MLP ETF during the 3rd quarter worth about $28,000. City State Bank acquired a new position in Alerian MLP ETF during the 4th quarter worth about $40,000. Advisors Asset Management Inc. acquired a new position in Alerian MLP ETF during the 3rd quarter worth about $65,000. Finally, Rosenberg Matthew Hamilton lifted its stake in 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 worth $73,000 after acquiring an additional 1,374 shares in the last quarter.

Alerian MLP ETF Trading Down 0.2 %

AMLP opened at $51.29 on Friday. The stock’s 50-day moving average price is $50.70 and its 200 day moving average price is $48.67. Alerian MLP ETF has a 12-month low of $44.21 and a 12-month high of $53.24. The firm has a market cap of $10.56 billion, a price-to-earnings ratio of 14.01 and a beta of 1.38.

Alerian MLP ETF Increases Dividend

The company also recently announced a dividend, which was paid on Tuesday, February 18th. Investors of record on Wednesday, February 12th were paid a dividend of $0.97 per share. This is a positive change from Alerian MLP ETF’s previous dividend of $0.94. The ex-dividend date was Wednesday, February 12th.

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.