Bogart Wealth LLC Lowers Holdings in Alerian MLP ETF (NYSEARCA:AMLP)

Bogart Wealth LLC reduced its position in Alerian MLP ETF (NYSEARCA:AMLP) by 5.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 5,366 shares of the exchange traded fund’s stock after selling 317 shares during the period. Bogart Wealth LLC’s holdings in Alerian MLP ETF were worth $258,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in AMLP. Hilton Capital Management LLC purchased a new stake in shares of Alerian MLP ETF in the third quarter worth about $31,562,000. EP Wealth Advisors LLC lifted its position in shares of 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 worth $24,104,000 after buying an additional 506,582 shares in the last quarter. School Employees Retirement Board of Ohio purchased a new stake in shares of Alerian MLP ETF in the third quarter worth about $14,643,000. LPL Financial LLC lifted its position in shares of 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 worth $113,110,000 after buying an additional 275,254 shares in the last quarter. Finally, Crescent Grove Advisors LLC purchased a new stake in shares of Alerian MLP ETF in the fourth quarter worth about $12,868,000.

Alerian MLP ETF Trading Up 0.4 %

NYSEARCA:AMLP opened at $51.57 on Friday. The company has a market capitalization of $9.28 billion, a P/E ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a 12 month low of $43.59 and a 12 month high of $53.24. The business’s 50-day moving average is $50.11 and its 200 day moving average is $48.37.

Alerian MLP ETF Increases Dividend

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