Naviter Wealth LLC Purchases 85,938 Shares of Alerian MLP ETF $AMLP

Naviter Wealth LLC grew its position in Alerian MLP ETF (NYSEARCA:AMLP) by 6.6% in the third quarter, HoldingsChannel reports. The institutional investor owned 1,397,127 shares of the exchange traded fund’s stock after purchasing an additional 85,938 shares during the period. Alerian MLP ETF makes up 7.6% of Naviter Wealth LLC’s holdings, making the stock its biggest position. Naviter Wealth LLC’s holdings in Alerian MLP ETF were worth $65,567,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in AMLP. Level Four Advisory Services LLC grew its stake in Alerian MLP ETF by 1.0% in the 2nd quarter. Level Four Advisory Services LLC now owns 20,536 shares of the exchange traded fund’s stock valued at $1,003,000 after acquiring an additional 210 shares during the last quarter. Opal Wealth Advisors LLC lifted its holdings in shares of Alerian MLP ETF by 2.7% in the third quarter. Opal Wealth Advisors LLC now owns 8,467 shares of the exchange traded fund’s stock valued at $397,000 after purchasing an additional 221 shares in the last quarter. Fountainhead AM LLC grew its position in shares of Alerian MLP ETF by 4.5% in the second quarter. Fountainhead AM LLC now owns 6,057 shares of the exchange traded fund’s stock valued at $296,000 after purchasing an additional 259 shares during the last quarter. Berkeley Capital Partners LLC grew its position in shares of Alerian MLP ETF by 0.4% in the second quarter. Berkeley Capital Partners LLC now owns 62,385 shares of the exchange traded fund’s stock valued at $3,048,000 after purchasing an additional 270 shares during the last quarter. Finally, Redwood Park Advisors LLC increased its stake in shares of Alerian MLP ETF by 17.6% during the 2nd quarter. Redwood Park Advisors LLC now owns 1,817 shares of the exchange traded fund’s stock worth $89,000 after purchasing an additional 272 shares in the last quarter.

Alerian MLP ETF Price Performance

Shares of Alerian MLP ETF stock opened at $51.31 on Friday. Alerian MLP ETF has a 1 year low of $43.75 and a 1 year high of $52.58. The business has a 50 day moving average price of $48.53 and a 200 day moving average price of $47.81. The company has a market capitalization of $11.56 billion, a P/E ratio of 14.17 and a beta of 0.70.

Alerian MLP ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Wednesday, February 11th will be given a $1.01 dividend. This is an increase from Alerian MLP ETF’s previous quarterly dividend of $1.00. This represents a $4.04 annualized dividend and a dividend yield of 7.9%. The ex-dividend date is Wednesday, February 11th.

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. The Index is comprised of 25 energy infrastructure MLPs. The fund will invest at least 90% of its total assets in securities, which comprise the Index (or depositary receipts based on such securities).