Pointe Capital Management LLC raised its stake in Alerian MLP (NYSE:AMLP) by 6.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 229,381 shares of the exchange traded fund’s stock after buying an additional 14,090 shares during the period. Alerian MLP comprises approximately 2.0% of Pointe Capital Management LLC’s investment portfolio, making the stock its 12th largest position. Pointe Capital Management LLC’s holdings in Alerian MLP were worth $2,743,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the company. Edge Wealth Management LLC increased its stake in Alerian MLP by 2,209.4% in the second quarter. Edge Wealth Management LLC now owns 770,077 shares of the exchange traded fund’s stock valued at $9,221,000 after buying an additional 736,732 shares in the last quarter. Bessemer Group Inc. acquired a new stake in Alerian MLP during the second quarter valued at about $13,802,000. American Research & Management Co. increased its stake in Alerian MLP by 73.6% in the second quarter. American Research & Management Co. now owns 9,200 shares of the exchange traded fund’s stock valued at $110,000 after buying an additional 3,900 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in Alerian MLP by 7.0% in the second quarter. Janney Montgomery Scott LLC now owns 1,721,221 shares of the exchange traded fund’s stock valued at $20,586,000 after buying an additional 113,175 shares in the last quarter. Finally, Janney Capital Management LLC acquired a new stake in Alerian MLP during the second quarter valued at about $3,918,000.

Shares of Alerian MLP (NYSE AMLP) opened at 11.28 on Thursday. The firm’s 50-day moving average price is $11.84 and its 200 day moving average price is $12.38. Alerian MLP has a 12-month low of $11.05 and a 12-month high of $13.31.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 16th. Investors of record on Friday, August 11th will be given a dividend of $0.215 per share. The ex-dividend date is Wednesday, August 9th. This represents a $0.86 dividend on an annualized basis and a yield of 7.62%.

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About Alerian MLP

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.

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Institutional Ownership by Quarter for Alerian MLP (NYSE:AMLP)

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