Sierra Capital LLC Sells 1,675 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

Sierra Capital LLC decreased its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 4.4% in the fourth quarter, Holdings Channel reports. The firm owned 36,825 shares of the exchange traded fund’s stock after selling 1,675 shares during the quarter. Sierra Capital LLC’s holdings in Alerian MLP ETF were worth $1,774,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in AMLP. Hilton Capital Management LLC acquired a new position in shares of Alerian MLP ETF in the 3rd quarter worth approximately $31,562,000. EP Wealth Advisors LLC grew its position in Alerian MLP ETF by 10,423.5% in the third quarter. EP Wealth Advisors LLC now owns 511,442 shares of the exchange traded fund’s stock valued at $24,104,000 after acquiring an additional 506,582 shares during the period. LPL Financial LLC grew its position in Alerian MLP ETF by 13.0% in the third quarter. LPL Financial LLC now owns 2,399,962 shares of the exchange traded fund’s stock valued at $113,110,000 after acquiring an additional 275,254 shares during the period. Crescent Grove Advisors LLC acquired a new position in Alerian MLP ETF during the fourth quarter worth $12,868,000. Finally, Fiduciary Family Office LLC bought a new position in shares of Alerian MLP ETF during the fourth quarter valued at $11,851,000.

Alerian MLP ETF Stock Down 0.6 %

Shares of Alerian MLP ETF stock opened at $51.41 on Tuesday. Alerian MLP ETF has a 12-month low of $44.21 and a 12-month high of $53.24. The stock has a market capitalization of $9.25 billion, a P/E ratio of 13.08 and a beta of 0.48. The company has a 50-day simple moving average of $50.47 and a 200 day simple moving average of $48.59.

Alerian MLP ETF Increases Dividend

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

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.