14,734 Shares in Alerian MLP ETF $AMLP Acquired by Cambria Investment Management L.P.

Cambria Investment Management L.P. bought a new stake in Alerian MLP ETF (NYSEARCA:AMLP) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 14,734 shares of the exchange traded fund’s stock, valued at approximately $691,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of America Corp DE grew its stake in shares of Alerian MLP ETF by 0.7% during the 2nd quarter. Bank of America Corp DE now owns 8,453,389 shares of the exchange traded fund’s stock valued at $413,033,000 after buying an additional 54,835 shares during the period. Allen Investment Management LLC raised its position in shares of Alerian MLP ETF by 9.1% in the 3rd quarter. Allen Investment Management LLC now owns 3,501,325 shares of the exchange traded fund’s stock worth $164,317,000 after buying an additional 291,011 shares during the period. Raymond James Financial Inc. boosted its holdings in Alerian MLP ETF by 5.9% in the second quarter. Raymond James Financial Inc. now owns 2,715,784 shares of the exchange traded fund’s stock valued at $132,693,000 after acquiring an additional 152,451 shares during the last quarter. Ameriprise Financial Inc. grew its position in Alerian MLP ETF by 19.2% during the second quarter. Ameriprise Financial Inc. now owns 1,634,868 shares of the exchange traded fund’s stock valued at $79,886,000 after acquiring an additional 262,817 shares during the period. Finally, Naviter Wealth LLC grew its position in Alerian MLP ETF by 6.6% during the third quarter. Naviter Wealth LLC now owns 1,397,127 shares of the exchange traded fund’s stock valued at $65,567,000 after acquiring an additional 85,938 shares during the period.

Alerian MLP ETF Price Performance

Shares of NYSEARCA:AMLP opened at $52.62 on Thursday. The business has a 50-day moving average of $49.74 and a two-hundred day moving average of $48.05. The firm has a market capitalization of $11.86 billion, a PE ratio of 14.17 and a beta of 0.70. Alerian MLP ETF has a 12 month low of $43.75 and a 12 month high of $52.90.

Alerian MLP ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Wednesday, February 11th were given a dividend of $1.01 per share. 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. This represents a $4.04 dividend on an annualized basis and a yield of 7.7%.

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).