Greatmark Investment Partners Inc. Cuts Position in Alerian MLP ETF (NYSEARCA:AMLP)

Greatmark Investment Partners Inc. decreased its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 10.0% in the 4th quarter, HoldingsChannel reports. The fund owned 57,290 shares of the exchange traded fund’s stock after selling 6,350 shares during the quarter. Greatmark Investment Partners Inc.’s holdings in Alerian MLP ETF were worth $2,759,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Strategic Financial Concepts LLC purchased a new position in Alerian MLP ETF in the fourth quarter worth $27,000. Ashton Thomas Securities LLC acquired a new stake in Alerian MLP ETF in the third quarter valued at $28,000. City State Bank acquired a new stake in Alerian MLP ETF in the fourth quarter valued at $40,000. Advisors Asset Management Inc. acquired a new stake in Alerian MLP ETF in the third quarter valued at $65,000. Finally, Geneos Wealth Management Inc. grew its holdings in Alerian MLP ETF by 159.5% in the fourth quarter. Geneos Wealth Management Inc. now owns 1,570 shares of the exchange traded fund’s stock valued at $76,000 after purchasing an additional 965 shares during the last quarter.

Alerian MLP ETF Stock Performance

Alerian MLP ETF stock opened at $51.49 on Friday. The firm has a market capitalization of $10.60 billion, a price-to-earnings ratio of 14.01 and a beta of 1.38. Alerian MLP ETF has a fifty-two week low of $44.21 and a fifty-two week high of $53.24. The stock’s fifty day moving average is $51.26 and its two-hundred day moving average is $49.02.

Alerian MLP ETF Increases Dividend

The company also recently announced a dividend, which was paid on Tuesday, February 18th. Shareholders of record on Wednesday, February 12th were issued a $0.97 dividend. 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.

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.