Smartleaf Asset Management LLC Buys 10,424 Shares of Alerian MLP ETF $AMLP

Smartleaf Asset Management LLC raised its position in Alerian MLP ETF (NYSEARCA:AMLP) by 258.3% during the third quarter, Holdings Channel reports. The institutional investor owned 14,459 shares of the exchange traded fund’s stock after buying an additional 10,424 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Alerian MLP ETF were worth $679,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in AMLP. Mid American Wealth Advisory Group Inc. acquired a new position in shares of Alerian MLP ETF during the second quarter valued at $29,000. Manchester Capital Management LLC acquired a new stake in Alerian MLP ETF in the second quarter worth about $29,000. GAMMA Investing LLC raised its holdings in Alerian MLP ETF by 213.9% during the 3rd quarter. GAMMA Investing LLC now owns 653 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 445 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. lifted its position in Alerian MLP ETF by 136.3% during the 3rd quarter. MJT & Associates Financial Advisory Group Inc. now owns 945 shares of the exchange traded fund’s stock valued at $44,000 after purchasing an additional 545 shares during the period. Finally, HM Payson & Co. acquired a new position in Alerian MLP ETF during the 3rd quarter valued at about $47,000.

Alerian MLP ETF Trading Up 0.5%

Shares of NYSEARCA AMLP opened at $51.21 on Wednesday. Alerian MLP ETF has a 1 year low of $43.75 and a 1 year high of $52.64. The firm’s 50-day moving average is $48.36 and its 200-day moving average is $47.76. The firm has a market capitalization of $11.54 billion, a PE ratio of 14.17 and a beta of 0.70.

Alerian MLP ETF Increases Dividend

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

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).