Glaxis Capital Management LLC Decreases Stake in Alerian MLP ETF $AMLP

Glaxis Capital Management LLC lessened its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 69.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 9,000 shares of the exchange traded fund’s stock after selling 20,000 shares during the period. Glaxis Capital Management LLC’s holdings in Alerian MLP ETF were worth $422,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of AMLP. TT Capital Management LLC boosted its position in Alerian MLP ETF by 256.2% during the third quarter. TT Capital Management LLC now owns 71,585 shares of the exchange traded fund’s stock worth $3,359,000 after acquiring an additional 51,490 shares during the last quarter. New Harbor Financial Group LLC raised its holdings in Alerian MLP ETF by 17.4% in the 3rd quarter. New Harbor Financial Group LLC now owns 570,532 shares of the exchange traded fund’s stock valued at $26,775,000 after acquiring an additional 84,520 shares during the last quarter. Naviter Wealth LLC lifted its stake in Alerian MLP ETF by 6.6% in the 3rd quarter. Naviter Wealth LLC now owns 1,397,127 shares of the exchange traded fund’s stock worth $65,567,000 after purchasing an additional 85,938 shares in the last quarter. Assetmark Inc. boosted its holdings in shares of Alerian MLP ETF by 1,024.7% during the 3rd quarter. Assetmark Inc. now owns 716,978 shares of the exchange traded fund’s stock worth $33,648,000 after purchasing an additional 653,230 shares during the last quarter. Finally, Haven Private LLC grew its position in shares of Alerian MLP ETF by 9.4% in the third quarter. Haven Private LLC now owns 104,946 shares of the exchange traded fund’s stock valued at $4,925,000 after purchasing an additional 8,989 shares in the last quarter.

Alerian MLP ETF Stock Performance

NYSEARCA:AMLP opened at $51.31 on Friday. Alerian MLP ETF has a one year low of $43.75 and a one year high of $52.58. The stock has a market cap of $11.56 billion, a PE ratio of 14.17 and a beta of 0.70. The stock has a 50 day moving average price of $48.53 and a 200 day moving average price of $47.80.

Alerian MLP ETF Increases Dividend

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

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. 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).