North Star Investment Management Corp. Acquires 2,192 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

North Star Investment Management Corp. grew its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 1.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 199,475 shares of the exchange traded fund’s stock after purchasing an additional 2,192 shares during the quarter. Alerian MLP ETF makes up approximately 0.8% of North Star Investment Management Corp.’s investment portfolio, making the stock its 26th largest position. North Star Investment Management Corp. owned approximately 0.10% of Alerian MLP ETF worth $10,361,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Proficio Capital Partners LLC grew its holdings in Alerian MLP ETF by 3,928.2% during the 4th quarter. Proficio Capital Partners LLC now owns 16,224,276 shares of the exchange traded fund’s stock worth $781,361,000 after acquiring an additional 15,821,509 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Alerian MLP ETF during the fourth quarter valued at approximately $104,132,000. Bank of America Corp DE increased its holdings in Alerian MLP ETF by 16.3% during the fourth quarter. Bank of America Corp DE now owns 8,235,482 shares of the exchange traded fund’s stock valued at $396,621,000 after buying an additional 1,156,735 shares during the period. Wells Fargo & Company MN raised its stake in Alerian MLP ETF by 19.4% in the fourth quarter. Wells Fargo & Company MN now owns 6,299,345 shares of the exchange traded fund’s stock worth $303,376,000 after buying an additional 1,023,323 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. lifted its holdings in Alerian MLP ETF by 1,482.0% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 499,667 shares of the exchange traded fund’s stock worth $24,064,000 after buying an additional 468,083 shares during the period.

Alerian MLP ETF Trading Down 0.2%

Shares of NYSEARCA AMLP opened at $49.13 on Friday. Alerian MLP ETF has a 12-month low of $43.75 and a 12-month high of $53.24. The stock’s fifty day simple moving average is $48.31 and its two-hundred day simple moving average is $49.75. The stock has a market capitalization of $10.45 billion, a PE ratio of 12.85 and a beta of 0.66.

Alerian MLP ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 19th. Investors of record on Wednesday, May 14th were given a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a yield of 7.98%. This is an increase from Alerian MLP ETF’s previous quarterly dividend of $0.95.

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.