Pointe Capital Management LLC Has $1.23 Million Stake in Alerian MLP ETF (NYSEARCA:AMLP)

Pointe Capital Management LLC lifted its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 4.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,603 shares of the exchange traded fund’s stock after buying an additional 1,007 shares during the period. Pointe Capital Management LLC’s holdings in Alerian MLP ETF were worth $1,233,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of AMLP. Strategic Financial Concepts LLC purchased a new position in Alerian MLP ETF during the 4th quarter valued at about $27,000. Ashton Thomas Securities LLC purchased a new position in Alerian MLP ETF during the third quarter valued at approximately $28,000. City State Bank acquired a new position in Alerian MLP ETF in the 4th quarter valued at approximately $40,000. Advisors Asset Management Inc. purchased a new stake in Alerian MLP ETF in the 3rd quarter worth approximately $65,000. Finally, Rosenberg Matthew Hamilton boosted its stake in shares of 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 valued at $73,000 after buying an additional 1,374 shares during the period.

Alerian MLP ETF Stock Down 0.3 %

Alerian MLP ETF stock opened at $51.26 on Wednesday. Alerian MLP ETF has a 12 month low of $44.21 and a 12 month high of $53.24. The company’s fifty day simple moving average is $50.53 and its 200-day simple moving average is $48.63. The stock has a market cap of $10.55 billion, a P/E ratio of 14.01 and a beta of 1.38.

Alerian MLP ETF Increases Dividend

The company also recently announced a dividend, which was paid on Tuesday, February 18th. Shareholders of record on Wednesday, February 12th were given a $0.97 dividend. This is a positive change 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.