Thrivent Financial for Lutherans Sells 303,914 Shares of Alerian MLP ETF $AMLP

Thrivent Financial for Lutherans lessened its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 92.3% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,269 shares of the exchange traded fund’s stock after selling 303,914 shares during the period. Thrivent Financial for Lutherans’ holdings in Alerian MLP ETF were worth $1,186,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AMLP. Orion Porfolio Solutions LLC increased its stake in Alerian MLP ETF by 326.3% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 1,039,696 shares of the exchange traded fund’s stock worth $50,800,000 after acquiring an additional 795,787 shares during the last quarter. Rockefeller Capital Management L.P. grew its holdings in shares of Alerian MLP ETF by 60.4% during the second quarter. Rockefeller Capital Management L.P. now owns 856,674 shares of the exchange traded fund’s stock worth $41,857,000 after purchasing an additional 322,729 shares in the last quarter. TRUE Private Wealth Advisors grew its holdings in shares of Alerian MLP ETF by 3,254.0% during the second quarter. TRUE Private Wealth Advisors now owns 330,398 shares of the exchange traded fund’s stock worth $16,143,000 after purchasing an additional 320,547 shares in the last quarter. RS Crum Inc. bought a new position in shares of Alerian MLP ETF in the second quarter worth approximately $14,966,000. Finally, Ameriprise Financial Inc. raised its stake in Alerian MLP ETF by 19.2% in the second quarter. Ameriprise Financial Inc. now owns 1,634,868 shares of the exchange traded fund’s stock valued at $79,886,000 after purchasing an additional 262,817 shares in the last quarter.

Alerian MLP ETF Price Performance

Shares of Alerian MLP ETF stock opened at $51.31 on Friday. Alerian MLP ETF has a 1 year low of $43.75 and a 1 year high of $52.58. The firm has a market cap of $11.56 billion, a PE ratio of 14.17 and a beta of 0.70. The company has a 50 day simple moving average of $48.53 and a two-hundred day simple moving average of $47.80.

Alerian MLP ETF Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 17th. Investors of record on Wednesday, February 11th will be given a $1.01 dividend. This represents a $4.04 annualized dividend and a yield of 7.9%. This is a boost from Alerian MLP ETF’s previous quarterly dividend of $1.00. The ex-dividend date is Wednesday, February 11th.

Alerian MLP ETF Company 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. The Index is comprised of 25 energy infrastructure MLPs. The fund will invest at least 90% of its total assets in securities, which comprise the Index (or depositary receipts based on such securities).