Greystone Financial Group LLC Sells 254 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

Greystone Financial Group LLC cut its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 3.2% during the 4th quarter, HoldingsChannel reports. The firm owned 7,785 shares of the exchange traded fund’s stock after selling 254 shares during the period. Greystone Financial Group LLC’s holdings in Alerian MLP ETF were worth $375,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC purchased a new position in Alerian MLP ETF during the third quarter valued at $28,000. City State Bank bought a new position in shares of Alerian MLP ETF in the 4th quarter worth about $40,000. Advisors Asset Management Inc. purchased a new position in Alerian MLP ETF during the 3rd quarter valued at about $65,000. Rosenberg Matthew Hamilton boosted its stake in Alerian MLP ETF by 803.5% during the third quarter. Rosenberg Matthew Hamilton now owns 1,545 shares of the exchange traded fund’s stock worth $73,000 after acquiring an additional 1,374 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in Alerian MLP ETF by 159.5% in the fourth quarter. Geneos Wealth Management Inc. now owns 1,570 shares of the exchange traded fund’s stock worth $76,000 after purchasing an additional 965 shares during the period.

Alerian MLP ETF Stock Performance

Shares of NYSEARCA AMLP opened at $51.71 on Friday. The company has a 50 day simple moving average of $50.40 and a two-hundred day simple moving average of $48.53. Alerian MLP ETF has a fifty-two week low of $44.21 and a fifty-two week high of $53.24. The company has a market capitalization of $9.30 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48.

Alerian MLP ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, February 18th. Investors of record on Wednesday, February 12th were given a dividend of $0.97 per share. 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.