Corient Private Wealth LLC Buys 35,849 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

Corient Private Wealth LLC boosted its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 38.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 128,204 shares of the exchange traded fund’s stock after purchasing an additional 35,849 shares during the period. Corient Private Wealth LLC’s holdings in Alerian MLP ETF were worth $6,174,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AMLP. Thrivent Financial for Lutherans increased its stake in Alerian MLP ETF by 2.2% in the third quarter. Thrivent Financial for Lutherans now owns 27,448 shares of the exchange traded fund’s stock valued at $1,294,000 after acquiring an additional 592 shares during the period. Commerce Bank increased its stake in Alerian MLP ETF by 8.9% in the third quarter. Commerce Bank now owns 142,350 shares of the exchange traded fund’s stock valued at $6,709,000 after acquiring an additional 11,582 shares during the period. Advisors Asset Management Inc. bought a new stake in Alerian MLP ETF in the third quarter valued at about $65,000. LPL Financial LLC grew its stake in Alerian MLP ETF by 13.0% during the third 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 last quarter. Finally, Citigroup Inc. grew its stake in Alerian MLP ETF by 5.0% during the third quarter. Citigroup Inc. now owns 106,935 shares of the exchange traded fund’s stock worth $5,040,000 after buying an additional 5,065 shares during the last quarter.

Alerian MLP ETF Trading Down 1.2 %

Shares of Alerian MLP ETF stock opened at $51.60 on Friday. The stock has a market capitalization of $10.63 billion, a price-to-earnings ratio of 13.99 and a beta of 1.35. Alerian MLP ETF has a 1-year low of $44.21 and a 1-year high of $53.24. The firm’s 50-day moving average price is $51.56 and its two-hundred day moving average price is $49.20.

Alerian MLP ETF Increases Dividend

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