Provident Wealth Management LLC Sells 2,904 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

Provident Wealth Management LLC lowered its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 24.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,130 shares of the exchange traded fund’s stock after selling 2,904 shares during the period. Provident Wealth Management LLC’s holdings in Alerian MLP ETF were worth $440,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. LPL Financial LLC grew its position 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 buying an additional 275,254 shares during the period. Stephens Inc. AR grew its holdings in Alerian MLP ETF by 9.7% in the fourth quarter. Stephens Inc. AR now owns 1,079,417 shares of the exchange traded fund’s stock worth $51,985,000 after purchasing an additional 95,191 shares during the period. HighTower Advisors LLC increased its stake in Alerian MLP ETF by 10.7% in the third quarter. HighTower Advisors LLC now owns 872,018 shares of the exchange traded fund’s stock valued at $41,091,000 after purchasing an additional 83,961 shares in the last quarter. Hilton Capital Management LLC acquired a new position in shares of Alerian MLP ETF during the third quarter valued at about $31,562,000. Finally, EP Wealth Advisors LLC boosted its position in shares of Alerian MLP ETF by 10,423.5% during the 3rd quarter. EP Wealth Advisors LLC now owns 511,442 shares of the exchange traded fund’s stock worth $24,104,000 after purchasing an additional 506,582 shares in the last quarter.

Alerian MLP ETF Price Performance

Shares of Alerian MLP ETF stock opened at $51.26 on Wednesday. The business has a 50-day simple moving average of $50.53 and a 200 day simple moving average of $48.63. Alerian MLP ETF has a one year low of $44.21 and a one year high of $53.24. The firm has a market capitalization of $10.55 billion, a price-to-earnings ratio of 14.01 and a beta of 1.38.

Alerian MLP ETF Increases Dividend

The company also recently announced a dividend, which was paid on Tuesday, February 18th. Stockholders of record on Wednesday, February 12th were given a dividend of $0.97 per share. This is a positive change from Alerian MLP ETF’s previous dividend of $0.94. The ex-dividend date of this dividend was Wednesday, February 12th.

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.