Mainstay Capital Management LLC ADV Acquires 846 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

Mainstay Capital Management LLC ADV raised its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 1.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 54,747 shares of the exchange traded fund’s stock after acquiring an additional 846 shares during the period. Alerian MLP ETF makes up 0.4% of Mainstay Capital Management LLC ADV’s holdings, making the stock its 16th largest position. Mainstay Capital Management LLC ADV’s holdings in Alerian MLP ETF were worth $2,637,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Strategic Financial Concepts LLC acquired a new position in shares of Alerian MLP ETF in the 4th quarter valued at $27,000. Ashton Thomas Securities LLC acquired a new position in shares of Alerian MLP ETF in the 3rd quarter valued at $28,000. City State Bank acquired a new position in shares of Alerian MLP ETF in the 4th quarter valued at $40,000. Advisors Asset Management Inc. acquired a new position in shares of Alerian MLP ETF in the 3rd quarter valued at $65,000. Finally, Rosenberg Matthew Hamilton grew its holdings in shares of Alerian MLP ETF by 803.5% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 1,545 shares of the exchange traded fund’s stock valued at $73,000 after buying an additional 1,374 shares during the period.

Alerian MLP ETF Stock Down 1.0 %

Shares of AMLP stock opened at $51.71 on Monday. Alerian MLP ETF has a 12-month low of $44.21 and a 12-month high of $53.24. The firm has a market capitalization of $9.30 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. The firm has a fifty day moving average of $50.40 and a 200-day moving average of $48.56.

Alerian MLP ETF Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, February 18th. Investors of record on Wednesday, February 12th were paid a $0.97 dividend. The ex-dividend date was Wednesday, February 12th. This is a positive change from Alerian MLP ETF’s previous dividend of $0.94.

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.