Park Avenue Securities LLC Has $1.79 Million Stock Holdings in Alerian MLP ETF (NYSEARCA:AMLP)

Park Avenue Securities LLC raised its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 5.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 34,412 shares of the exchange traded fund’s stock after buying an additional 1,887 shares during the quarter. Park Avenue Securities LLC’s holdings in Alerian MLP ETF were worth $1,787,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in AMLP. Mark Sheptoff Financial Planning LLC increased its stake in shares of Alerian MLP ETF by 400.0% during the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 625 shares of the exchange traded fund’s stock worth $30,000 after purchasing an additional 500 shares during the last quarter. Hurley Capital LLC bought a new stake in shares of Alerian MLP ETF during the 4th quarter worth $32,000. 1620 Investment Advisors Inc. bought a new stake in shares of Alerian MLP ETF during the 4th quarter worth $38,000. Capital Analysts LLC boosted its holdings in shares of Alerian MLP ETF by 102.8% during the 4th quarter. Capital Analysts LLC now owns 955 shares of the exchange traded fund’s stock worth $46,000 after buying an additional 484 shares during the period. Finally, 10Elms LLP bought a new stake in shares of Alerian MLP ETF during the 4th quarter worth $55,000.

Alerian MLP ETF Trading Up 0.7%

NYSEARCA AMLP opened at $48.70 on Wednesday. The company has a fifty day simple moving average of $48.13 and a 200 day simple moving average of $49.76. The company has a market cap of $10.36 billion, a P/E ratio of 12.85 and a beta of 0.66. Alerian MLP ETF has a 1 year low of $43.75 and a 1 year high of $53.24.

Alerian MLP ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, May 19th. Shareholders of record on Wednesday, May 14th were given a $0.98 dividend. This represents a $3.92 annualized dividend and a yield of 8.05%. This is a positive change from Alerian MLP ETF’s previous quarterly dividend of $0.95.

Alerian MLP ETF 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.