TIAA Trust National Association Increases Holdings in Alerian MLP ETF (NYSEARCA:AMLP)

TIAA Trust National Association increased its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 5.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 911,727 shares of the exchange traded fund’s stock after buying an additional 47,290 shares during the period. TIAA Trust National Association owned about 0.51% of Alerian MLP ETF worth $43,811,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in AMLP. Capital Investment Advisory Services LLC increased its position in Alerian MLP ETF by 2.8% during the 4th quarter. Capital Investment Advisory Services LLC now owns 8,024 shares of the exchange traded fund’s stock valued at $386,000 after purchasing an additional 222 shares during the period. Auour Investments LLC raised its stake in Alerian MLP ETF by 1.4% in the fourth quarter. Auour Investments LLC now owns 17,948 shares of the exchange traded fund’s stock worth $926,000 after buying an additional 249 shares in the last quarter. Savant Capital LLC raised its stake in Alerian MLP ETF by 1.0% in the fourth quarter. Savant Capital LLC now owns 26,171 shares of the exchange traded fund’s stock worth $1,260,000 after buying an additional 255 shares in the last quarter. Kathleen S. Wright Associates Inc. lifted its holdings in Alerian MLP ETF by 17.1% during the fourth quarter. Kathleen S. Wright Associates Inc. now owns 1,810 shares of the exchange traded fund’s stock worth $87,000 after buying an additional 264 shares during the period. Finally, GoalVest Advisory LLC boosted its position in Alerian MLP ETF by 1.1% during the 4th quarter. GoalVest Advisory LLC now owns 24,714 shares of the exchange traded fund’s stock valued at $1,190,000 after acquiring an additional 271 shares in the last quarter.

Alerian MLP ETF Trading Up 0.7 %

AMLP opened at $51.97 on Tuesday. The firm has a market cap of $10.71 billion, a price-to-earnings ratio of 13.99 and a beta of 1.35. Alerian MLP ETF has a 12 month low of $44.21 and a 12 month high of $53.24. The stock has a fifty day moving average price of $51.61 and a 200-day moving average price of $49.27.

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. The ex-dividend date of this dividend was Wednesday, February 12th. This is an increase from Alerian MLP ETF’s previous dividend of $0.94.

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.