Beirne Wealth Consulting Services LLC Decreases Stock Holdings in Alerian MLP ETF (NYSEARCA:AMLP)

Beirne Wealth Consulting Services LLC cut its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 2.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,135 shares of the exchange traded fund’s stock after selling 583 shares during the period. Beirne Wealth Consulting Services LLC’s holdings in Alerian MLP ETF were worth $1,066,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. LPL Financial LLC raised its holdings in shares of Alerian MLP ETF by 13.0% during the 3rd quarter. LPL Financial LLC now owns 2,399,962 shares of the exchange traded fund’s stock worth $113,110,000 after acquiring an additional 275,254 shares during the period. Stephens Inc. AR boosted its holdings in Alerian MLP ETF by 9.7% in the 4th quarter. Stephens Inc. AR now owns 1,079,417 shares of the exchange traded fund’s stock valued at $51,985,000 after purchasing an additional 95,191 shares during the last quarter. Raymond James & Associates grew its stake in shares of Alerian MLP ETF by 2.4% in the 3rd quarter. Raymond James & Associates now owns 1,061,519 shares of the exchange traded fund’s stock valued at $50,029,000 after buying an additional 24,674 shares during the period. HighTower Advisors LLC increased its holdings in shares of Alerian MLP ETF by 10.7% during the 3rd quarter. HighTower Advisors LLC now owns 872,018 shares of the exchange traded fund’s stock worth $41,091,000 after buying an additional 83,961 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its position in shares of Alerian MLP ETF by 3.0% during the 3rd quarter. Commonwealth Equity Services LLC now owns 685,962 shares of the exchange traded fund’s stock valued at $32,329,000 after buying an additional 20,243 shares during the period.

Alerian MLP ETF Stock Performance

AMLP opened at $52.39 on Wednesday. The stock has a market capitalization of $9.42 billion, a PE ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a one year low of $44.21 and a one year high of $53.24. The business’s 50 day moving average price is $50.23 and its 200 day moving average price is $48.44.

Alerian MLP ETF Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, February 18th. Shareholders of record on Wednesday, February 12th were given a $0.97 dividend. The ex-dividend date was Wednesday, February 12th. This is a boost from Alerian MLP ETF’s previous dividend of $0.94.

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.