Holderness Investments Co. Grows Stock Holdings in Alerian MLP ETF $AMLP

Holderness Investments Co. increased its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 77.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,390 shares of the exchange traded fund’s stock after purchasing an additional 17,236 shares during the period. Holderness Investments Co.’s holdings in Alerian MLP ETF were worth $1,849,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Brighton Jones LLC boosted its position in shares of Alerian MLP ETF by 19.4% during the 4th quarter. Brighton Jones LLC now owns 44,781 shares of the exchange traded fund’s stock worth $2,157,000 after acquiring an additional 7,280 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in Alerian MLP ETF by 1.3% during the second quarter. Envestnet Asset Management Inc. now owns 1,113,670 shares of the exchange traded fund’s stock worth $54,414,000 after purchasing an additional 14,538 shares during the last quarter. Y Intercept Hong Kong Ltd boosted its holdings in Alerian MLP ETF by 44.6% in the second quarter. Y Intercept Hong Kong Ltd now owns 10,353 shares of the exchange traded fund’s stock valued at $506,000 after purchasing an additional 3,195 shares in the last quarter. Arkadios Wealth Advisors increased its stake in Alerian MLP ETF by 33.8% in the second quarter. Arkadios Wealth Advisors now owns 22,379 shares of the exchange traded fund’s stock valued at $1,093,000 after purchasing an additional 5,657 shares during the last quarter. Finally, Assetmark Inc. increased its stake in Alerian MLP ETF by 227,571.4% in the second quarter. Assetmark Inc. now owns 63,748 shares of the exchange traded fund’s stock valued at $3,115,000 after purchasing an additional 63,720 shares during the last quarter.

Alerian MLP ETF Trading Up 0.5%

Shares of NYSEARCA:AMLP opened at $52.04 on Friday. The firm has a 50 day simple moving average of $49.41 and a 200-day simple moving average of $47.96. Alerian MLP ETF has a twelve month low of $43.75 and a twelve month high of $52.58. The company has a market capitalization of $11.73 billion, a PE ratio of 14.17 and a beta of 0.70.

Alerian MLP ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Wednesday, February 11th were given a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a yield of 7.8%. This is a boost from Alerian MLP ETF’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was 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).