US Bancorp DE Raises Stake in Alerian MLP ETF $AMLP

US Bancorp DE grew its position in Alerian MLP ETF (NYSEARCA:AMLP) by 57.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,197,958 shares of the exchange traded fund’s stock after purchasing an additional 437,947 shares during the quarter. US Bancorp DE’s holdings in Alerian MLP ETF were worth $56,220,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of AMLP. REAP Financial Group LLC lifted its stake in shares of Alerian MLP ETF by 2,000.0% during the 3rd quarter. REAP Financial Group LLC now owns 525 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 500 shares in the last quarter. Manchester Capital Management LLC purchased a new position in shares of Alerian MLP ETF in the second quarter valued at about $29,000. GAMMA Investing LLC boosted its stake in shares of Alerian MLP ETF by 213.9% in the third quarter. GAMMA Investing LLC now owns 653 shares of the exchange traded fund’s stock worth $31,000 after acquiring an additional 445 shares during the period. MJT & Associates Financial Advisory Group Inc. boosted its stake in shares of Alerian MLP ETF by 136.3% in the third quarter. MJT & Associates Financial Advisory Group Inc. now owns 945 shares of the exchange traded fund’s stock worth $44,000 after acquiring an additional 545 shares during the period. Finally, HM Payson & Co. purchased a new stake in shares of Alerian MLP ETF during the third quarter worth about $47,000.

Alerian MLP ETF Trading Up 0.9%

NYSEARCA AMLP opened at $51.80 on Friday. The stock’s 50 day moving average is $49.30 and its 200 day moving average is $47.94. Alerian MLP ETF has a 12 month low of $43.75 and a 12 month high of $52.58. The stock has a market cap of $11.67 billion, a PE ratio of 14.17 and a beta of 0.70.

Alerian MLP ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Wednesday, February 11th were given a dividend of $1.01 per share. This is a positive change from Alerian MLP ETF’s previous quarterly dividend of $1.00. This represents a $4.04 dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date was Wednesday, February 11th.

About Alerian MLP ETF

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).