Herbst Group LLC Reduces Stock Position in Alerian MLP ETF $AMLP

Herbst Group LLC cut its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 39.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 55,920 shares of the exchange traded fund’s stock after selling 36,226 shares during the period. Alerian MLP ETF comprises 1.5% of Herbst Group LLC’s holdings, making the stock its 27th largest holding. Herbst Group LLC’s holdings in Alerian MLP ETF were worth $2,629,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in AMLP. REAP Financial Group LLC grew its position in Alerian MLP ETF by 2,000.0% in the third quarter. REAP Financial Group LLC now owns 525 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 500 shares in the last quarter. GAMMA Investing LLC increased its stake in Alerian MLP ETF by 213.9% during the third quarter. GAMMA Investing LLC now owns 653 shares of the exchange traded fund’s stock worth $31,000 after acquiring an additional 445 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. raised its position in Alerian MLP ETF by 136.3% during the third quarter. MJT & Associates Financial Advisory Group Inc. now owns 945 shares of the exchange traded fund’s stock valued at $44,000 after purchasing an additional 545 shares during the period. HM Payson & Co. purchased a new stake in Alerian MLP ETF during the third quarter valued at approximately $47,000. Finally, TFC Financial Management Inc. bought a new stake in shares of Alerian MLP ETF in the 3rd quarter valued at approximately $60,000.

Alerian MLP ETF Stock Performance

Shares of Alerian MLP ETF stock opened at $52.09 on Thursday. The stock has a market cap of $11.74 billion, a price-to-earnings ratio of 14.17 and a beta of 0.70. The stock has a 50 day moving average price of $51.66 and a 200-day moving average price of $48.70. Alerian MLP ETF has a one year low of $43.75 and a one year high of $54.20.

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 is a boost from Alerian MLP ETF’s previous quarterly dividend of $1.00. This represents a $4.04 dividend on an annualized basis and a yield of 7.8%. The ex-dividend date was Wednesday, February 11th.

Alerian MLP ETF Company 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).