Cambridge Investment Research Advisors Inc. Sells 53,338 Shares of Alerian MLP (AMLP)
Cambridge Investment Research Advisors Inc. lessened its position in Alerian MLP (NYSEARCA:AMLP) by 9.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 514,460 shares of the exchange traded fund’s stock after selling 53,338 shares during the quarter. Cambridge Investment Research Advisors Inc. owned approximately 0.06% of Alerian MLP worth $5,772,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in AMLP. TIAA FSB acquired a new stake in Alerian MLP in the 2nd quarter valued at approximately $81,901,000. ST Germain D J Co. Inc. grew its stake in Alerian MLP by 149.6% in the second quarter. ST Germain D J Co. Inc. now owns 2,789,343 shares of the exchange traded fund’s stock valued at $33,361,000 after purchasing an additional 1,672,023 shares in the last quarter. Bessemer Group Inc. bought a new position in Alerian MLP in the second quarter valued at approximately $13,802,000. MPS Loria Financial Planners LLC bought a new position in Alerian MLP in the second quarter valued at approximately $11,413,000. Finally, Edge Wealth Management LLC grew 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 purchasing an additional 736,732 shares in the last quarter.
Alerian MLP (NYSEARCA AMLP) traded up $0.09 during mid-day trading on Thursday, reaching $10.24. The company’s stock had a trading volume of 21,712,900 shares, compared to its average volume of 9,621,715. Alerian MLP has a 12-month low of $9.99 and a 12-month high of $13.31.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Friday, November 10th were paid a dividend of $0.2052 per share. The ex-dividend date was Thursday, November 9th. This represents a $0.82 annualized dividend and a dividend yield of 8.02%. Alerian MLP’s dividend payout ratio is currently 43.20%.
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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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