HighTower Advisors LLC Purchases 27,945 Shares of Alerian MLP ETF $AMLP

HighTower Advisors LLC lifted its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 3.5% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 835,048 shares of the exchange traded fund’s stock after purchasing an additional 27,945 shares during the quarter. HighTower Advisors LLC’s holdings in Alerian MLP ETF were worth $39,188,000 at the end of the most recent quarter.

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

Alerian MLP ETF Price Performance

Shares of AMLP opened at $51.39 on Wednesday. Alerian MLP ETF has a one year low of $43.75 and a one year high of $52.58. The company has a market cap of $11.58 billion, a PE ratio of 14.17 and a beta of 0.70. The stock has a 50-day moving average of $48.68 and a 200-day moving average of $47.80.

Alerian MLP ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Wednesday, February 11th were issued a dividend of $1.01 per share. This is a positive change 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 was Wednesday, February 11th.

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).