Tocqueville Asset Management L.P. Cuts Stake in Alerian MLP ETF (NYSEARCA:AMLP)

Tocqueville Asset Management L.P. reduced its position in Alerian MLP ETF (NYSEARCA:AMLP) by 1.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,058 shares of the exchange traded fund’s stock after selling 735 shares during the quarter. Tocqueville Asset Management L.P.’s holdings in Alerian MLP ETF were worth $2,026,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Strategic Financial Concepts LLC bought a new stake in Alerian MLP ETF during the 4th quarter valued at $27,000. City State Bank bought a new position in shares of Alerian MLP ETF in the 4th quarter worth $40,000. Flagship Wealth Advisors LLC purchased a new stake in shares of Alerian MLP ETF during the 4th quarter worth $63,000. Advisors Asset Management Inc. bought a new stake in Alerian MLP ETF during the third quarter valued at about $65,000. Finally, Geneos Wealth Management Inc. grew its stake 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 valued at $76,000 after purchasing an additional 965 shares during the last quarter.

Alerian MLP ETF Stock Performance

Shares of Alerian MLP ETF stock opened at $52.38 on Thursday. Alerian MLP ETF has a one year low of $44.21 and a one year high of $53.24. The company has a market capitalization of $10.79 billion, a PE ratio of 13.99 and a beta of 1.35. The company has a 50-day simple moving average of $51.45 and a two-hundred day simple moving average of $49.15.

Alerian MLP ETF Increases Dividend

The company also recently announced 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. This is a boost from Alerian MLP ETF’s previous dividend of $0.94. The ex-dividend date of this dividend was Wednesday, February 12th.

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.