First Horizon Advisors Inc. Reduces Stake in Alerian MLP ETF (NYSEARCA:AMLP)

First Horizon Advisors Inc. lowered its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 78.5% during the fourth quarter, HoldingsChannel reports. The fund owned 745 shares of the exchange traded fund’s stock after selling 2,716 shares during the period. First Horizon Advisors Inc.’s holdings in Alerian MLP ETF were worth $36,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Strategic Financial Concepts LLC purchased a new position in shares of Alerian MLP ETF in the 4th quarter valued at about $27,000. Ashton Thomas Securities LLC purchased a new position in shares of Alerian MLP ETF in the 3rd quarter valued at about $28,000. City State Bank purchased a new position in Alerian MLP ETF during the 4th quarter worth approximately $40,000. Advisors Asset Management Inc. purchased a new position in Alerian MLP ETF during the 3rd quarter worth approximately $65,000. Finally, Rosenberg Matthew Hamilton grew its stake in Alerian MLP ETF by 803.5% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 1,545 shares of the exchange traded fund’s stock worth $73,000 after buying an additional 1,374 shares during the last quarter.

Alerian MLP ETF Stock Down 0.2 %

NYSEARCA:AMLP opened at $51.29 on Friday. The stock’s 50 day moving average price is $50.70 and its 200 day moving average price is $48.67. The company has a market capitalization of $10.56 billion, a PE ratio of 14.01 and a beta of 1.38. Alerian MLP ETF has a 52-week low of $44.21 and a 52-week high of $53.24.

Alerian MLP ETF Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, February 18th. Investors of record on Wednesday, February 12th were paid a dividend of $0.97 per share. The ex-dividend date was Wednesday, February 12th. This is an increase from Alerian MLP ETF’s previous dividend of $0.94.

Alerian MLP ETF Company 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.