Corbyn Investment Management Inc. MD lowered its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 5.6% in the 1st quarter, HoldingsChannel.com reports. The firm owned 392,073 shares of the exchange traded fund’s stock after selling 23,207 shares during the period. Alerian MLP ETF makes up approximately 1.6% of Corbyn Investment Management Inc. MD’s holdings, making the stock its 22nd largest holding. Corbyn Investment Management Inc. MD’s holdings in Alerian MLP ETF were worth $3,932,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. HRT Financial LLC acquired a new stake in Alerian MLP ETF during the fourth quarter worth approximately $849,000. SignalPoint Asset Management LLC grew its stake in Alerian MLP ETF by 15.5% during the fourth quarter. SignalPoint Asset Management LLC now owns 51,711 shares of the exchange traded fund’s stock worth $451,000 after purchasing an additional 6,942 shares during the period. Montecito Bank & Trust grew its stake in Alerian MLP ETF by 39.3% during the first quarter. Montecito Bank & Trust now owns 259,905 shares of the exchange traded fund’s stock worth $2,607,000 after purchasing an additional 73,334 shares during the period. Hamlin Capital Management LLC grew its stake in Alerian MLP ETF by 1,758.7% during the fourth quarter. Hamlin Capital Management LLC now owns 204,455 shares of the exchange traded fund’s stock worth $1,785,000 after purchasing an additional 193,455 shares during the period. Finally, IHT Wealth Management LLC acquired a new stake in Alerian MLP ETF during the fourth quarter worth approximately $126,000.
NYSEARCA AMLP opened at $9.99 on Thursday. Alerian MLP ETF has a one year low of $8.27 and a one year high of $11.41.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Friday, May 10th will be paid a dividend of $0.195 per share. The ex-dividend date is Thursday, May 9th. This represents a $0.78 annualized dividend and a yield of 7.81%.
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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.
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