Alerian MLP ETF (NYSEARCA:AMLP) Shares Sold by Congress Asset Management Co.

Posted by Shane Hupp on Feb 18th, 2025

Congress Asset Management Co. lessened its position in Alerian MLP ETF (NYSEARCA:AMLP – Free Report) by 5.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 85,275 shares of the exchange traded fund’s stock after selling 4,843 shares during the period. Congress Asset Management Co.’s holdings in Alerian MLP ETF were worth $4,107,000 at the end of the most recent quarter.

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

Alerian MLP ETF Stock Up 0.4 %

Shares of AMLP opened at $51.57 on Tuesday. The firm has a market cap of $9.28 billion, a PE ratio of 13.08 and a beta of 0.48. The company’s fifty day moving average is $50.16 and its two-hundred day moving average is $48.40. Alerian MLP ETF has a fifty-two week low of $43.59 and a fifty-two week high of $53.24.

Alerian MLP ETF Increases Dividend

The company also recently declared a dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Wednesday, February 12th will be given a dividend of $0.97 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This is an increase from Alerian MLP ETF’s previous dividend of $0.94.

About Alerian MLP ETF

(Free Report)

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.