Crescent Grove Advisors LLC Takes Position in Alerian MLP (AMLP)
Crescent Grove Advisors LLC purchased a new stake in Alerian MLP (NYSE:AMLP) during the second quarter, Holdings Channel reports. The firm purchased 144,579 shares of the exchange traded fund’s stock, valued at approximately $1,729,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Chickasaw Capital Management LLC bought a new stake in shares of Alerian MLP during the second quarter valued at about $8,328,000. New England Investment & Retirement Group Inc. raised its stake in shares of Alerian MLP by 6.6% in the second quarter. New England Investment & Retirement Group Inc. now owns 755,658 shares of the exchange traded fund’s stock worth $9,038,000 after buying an additional 46,849 shares during the period. Moloney Securities Asset Management LLC raised its stake in shares of Alerian MLP by 8.3% in the second quarter. Moloney Securities Asset Management LLC now owns 71,923 shares of the exchange traded fund’s stock worth $860,000 after buying an additional 5,487 shares during the period. Greenleaf Trust raised its stake in shares of Alerian MLP by 2.4% in the second quarter. Greenleaf Trust now owns 32,045 shares of the exchange traded fund’s stock worth $383,000 after buying an additional 750 shares during the period. Finally, Montecito Bank & Trust acquired a new stake in shares of Alerian MLP during the second quarter worth about $1,685,000.
Shares of Alerian MLP (NYSE AMLP) opened at 11.15 on Friday. The firm’s 50-day moving average is $11.84 and its 200-day moving average is $12.37. Alerian MLP has a 52 week low of $11.05 and a 52 week high of $13.31.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 16th. Stockholders of record on Friday, August 11th will be issued a $0.215 dividend. The ex-dividend date is Wednesday, August 9th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 7.71%.
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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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