Bogart Wealth LLC Lowers Position in Alerian MLP ETF (NYSEARCA:AMLP)

Bogart Wealth LLC cut its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 5.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,366 shares of the exchange traded fund’s stock after selling 317 shares during the period. Bogart Wealth LLC’s holdings in Alerian MLP ETF were worth $258,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of AMLP. Hilton Capital Management LLC purchased a new position in Alerian MLP ETF during the third quarter valued at $31,562,000. EP Wealth Advisors LLC lifted its position in Alerian MLP ETF by 10,423.5% during the third quarter. EP Wealth Advisors LLC now owns 511,442 shares of the exchange traded fund’s stock valued at $24,104,000 after purchasing an additional 506,582 shares in the last quarter. School Employees Retirement Board of Ohio purchased a new position in Alerian MLP ETF during the third quarter valued at $14,643,000. LPL Financial LLC lifted its position in Alerian MLP ETF by 13.0% during the third quarter. LPL Financial LLC now owns 2,399,962 shares of the exchange traded fund’s stock valued at $113,110,000 after purchasing an additional 275,254 shares in the last quarter. Finally, Crescent Grove Advisors LLC purchased a new position in shares of Alerian MLP ETF in the fourth quarter valued at about $12,868,000.

Alerian MLP ETF Stock Up 0.4 %

Shares of Alerian MLP ETF stock opened at $51.57 on Friday. The stock’s 50-day simple moving average is $50.11 and its 200-day simple moving average is $48.37. Alerian MLP ETF has a 52 week low of $43.59 and a 52 week high of $53.24. The company has a market capitalization of $9.28 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48.

Alerian MLP ETF Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Wednesday, February 12th will be given a $0.97 dividend. This is an increase from Alerian MLP ETF’s previous dividend of $0.94. The ex-dividend date is Wednesday, February 12th.

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.