Fiduciary Trust Co. lessened its holdings in Alerian MLP (NYSE:AMLP) by 11.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,827 shares of the exchange traded fund’s stock after selling 8,055 shares during the quarter. Fiduciary Trust Co.’s holdings in Alerian MLP were worth $715,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the company. ST Germain D J Co. Inc. lifted its position in shares of Alerian MLP by 149.6% in the second quarter. ST Germain D J Co. Inc. now owns 2,789,343 shares of the exchange traded fund’s stock worth $33,361,000 after purchasing an additional 1,672,023 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Alerian MLP by 7.0% in the second quarter. Janney Montgomery Scott LLC now owns 1,721,221 shares of the exchange traded fund’s stock worth $20,586,000 after purchasing an additional 113,175 shares in the last quarter. Bessemer Group Inc. bought a new stake in shares of Alerian MLP in the second quarter worth $13,802,000. IFP Advisors Inc lifted its position in shares of Alerian MLP by 5.8% in the second quarter. IFP Advisors Inc now owns 963,170 shares of the exchange traded fund’s stock worth $11,520,000 after purchasing an additional 52,908 shares in the last quarter. Finally, Edge Wealth Management LLC lifted its position in shares of Alerian MLP by 2,209.4% in the second quarter. Edge Wealth Management LLC now owns 770,077 shares of the exchange traded fund’s stock worth $9,221,000 after purchasing an additional 736,732 shares in the last quarter.
Alerian MLP (NYSE AMLP) traded down 0.572% during mid-day trading on Friday, reaching $11.295. 835,158 shares of the company’s stock traded hands. Alerian MLP has a 12 month low of $10.51 and a 12 month high of $13.31. The company has a 50 day moving average price of $11.24 and a 200-day moving average price of $12.02.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 16th. Shareholders of record on Friday, August 11th were paid a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 7.58%. The ex-dividend date of this dividend was Wednesday, August 9th.
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About Alerian MLP
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.
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