Hollow Brook Wealth Management LLC Makes New $817,000 Investment in Alerian MLP ETF $AMLP

Hollow Brook Wealth Management LLC acquired a new stake in Alerian MLP ETF (NYSEARCA:AMLP) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 17,404 shares of the exchange traded fund’s stock, valued at approximately $817,000.

Several other hedge funds have also made changes to their positions in the business. Orion Porfolio Solutions LLC raised its stake in Alerian MLP ETF by 326.3% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 1,039,696 shares of the exchange traded fund’s stock valued at $50,800,000 after acquiring an additional 795,787 shares during the last quarter. Assetmark Inc. grew its stake in shares of Alerian MLP ETF by 1,024.7% in the 3rd quarter. Assetmark Inc. now owns 716,978 shares of the exchange traded fund’s stock valued at $33,648,000 after purchasing an additional 653,230 shares during the last quarter. US Bancorp DE grew its stake in shares of Alerian MLP ETF by 57.6% in the 3rd quarter. US Bancorp DE now owns 1,197,958 shares of the exchange traded fund’s stock valued at $56,220,000 after purchasing an additional 437,947 shares during the last quarter. Rockefeller Capital Management L.P. increased its holdings in shares of Alerian MLP ETF by 60.4% in the second quarter. Rockefeller Capital Management L.P. now owns 856,674 shares of the exchange traded fund’s stock valued at $41,857,000 after purchasing an additional 322,729 shares during the period. Finally, TRUE Private Wealth Advisors raised its stake in shares of Alerian MLP ETF by 3,254.0% during the second quarter. TRUE Private Wealth Advisors now owns 330,398 shares of the exchange traded fund’s stock worth $16,143,000 after purchasing an additional 320,547 shares during the last quarter.

Alerian MLP ETF Price Performance

Shares of NYSEARCA AMLP opened at $52.21 on Monday. The stock has a fifty day moving average price of $50.46 and a 200 day moving average price of $48.26. Alerian MLP ETF has a 1-year low of $43.75 and a 1-year high of $53.20. The company has a market cap of $11.76 billion, a PE ratio of 14.17 and a beta of 0.70.

Alerian MLP ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Wednesday, February 11th were given a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 7.7%. The ex-dividend date was Wednesday, February 11th. This is an increase from Alerian MLP ETF’s previous quarterly dividend of $1.00.

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).