First American Trust FSB Cuts Stock Holdings in Alerian MLP ETF (NYSEARCA:AMLP)

First American Trust FSB decreased its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 0.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 393,219 shares of the exchange traded fund’s stock after selling 2,498 shares during the quarter. Alerian MLP ETF comprises 1.9% of First American Trust FSB’s holdings, making the stock its 10th largest holding. First American Trust FSB owned 0.22% of Alerian MLP ETF worth $18,937,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of AMLP. Strategic Financial Concepts LLC bought a new stake in Alerian MLP ETF during the 4th quarter valued at $27,000. 1620 Investment Advisors Inc. bought a new stake in shares of Alerian MLP ETF during the fourth quarter worth about $38,000. City State Bank acquired a new stake in shares of Alerian MLP ETF in the 4th quarter worth about $40,000. Flagship Wealth Advisors LLC bought a new position in Alerian MLP ETF in the 4th quarter valued at about $63,000. Finally, Advisors Asset Management Inc. acquired a new position in Alerian MLP ETF during the 3rd quarter valued at about $65,000.

Alerian MLP ETF Stock Up 0.7 %

Shares of Alerian MLP ETF stock opened at $51.97 on Tuesday. Alerian MLP ETF has a 52 week low of $44.21 and a 52 week high of $53.24. The business has a 50 day moving average price of $51.61 and a 200-day moving average price of $49.27. The company has a market cap of $10.71 billion, a PE ratio of 13.99 and a beta of 1.35.

Alerian MLP ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, February 18th. Shareholders of record on Wednesday, February 12th were paid a dividend of $0.97 per share. The ex-dividend date was Wednesday, February 12th. This is a boost 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.