Alerian MLP ETF (NYSEARCA:AMLP) Shares Sold by Beirne Wealth Consulting Services LLC

Beirne Wealth Consulting Services LLC lessened its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 2.6% during the 4th quarter, Holdings Channel reports. The firm owned 22,135 shares of the exchange traded fund’s stock after selling 583 shares during the period. Beirne Wealth Consulting Services LLC’s holdings in Alerian MLP ETF were worth $1,066,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Strategic Financial Concepts LLC acquired a new stake in Alerian MLP ETF during the 4th quarter worth approximately $27,000. Ashton Thomas Securities LLC acquired a new stake in shares of Alerian MLP ETF in the third quarter valued at $28,000. City State Bank purchased a new position in Alerian MLP ETF in the fourth quarter valued at $40,000. Advisors Asset Management Inc. acquired a new position in Alerian MLP ETF during the 3rd quarter worth $65,000. Finally, Rosenberg Matthew Hamilton increased its holdings in Alerian MLP ETF by 803.5% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 1,545 shares of the exchange traded fund’s stock worth $73,000 after purchasing an additional 1,374 shares during the period.

Alerian MLP ETF Stock Performance

Shares of AMLP opened at $52.39 on Wednesday. Alerian MLP ETF has a 1 year low of $44.21 and a 1 year high of $53.24. The stock has a market capitalization of $9.42 billion, a PE ratio of 13.08 and a beta of 0.48. The stock has a 50-day simple moving average of $50.23 and a 200-day simple moving average of $48.44.

Alerian MLP ETF Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, February 18th. Investors of record on Wednesday, February 12th were paid a $0.97 dividend. The ex-dividend date was Wednesday, February 12th. This is an increase from Alerian MLP ETF’s previous dividend of $0.94.

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.