Nicolet Advisory Services LLC Lowers Stock Holdings in Alerian MLP ETF (NYSEARCA:AMLP)

Nicolet Advisory Services LLC trimmed its position in Alerian MLP ETF (NYSEARCA:AMLP) by 1.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 202,693 shares of the exchange traded fund’s stock after selling 2,482 shares during the quarter. Alerian MLP ETF accounts for approximately 0.9% of Nicolet Advisory Services LLC’s portfolio, making the stock its 27th largest holding. Nicolet Advisory Services LLC owned about 0.11% of Alerian MLP ETF worth $9,968,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Park Avenue Securities LLC increased its holdings in Alerian MLP ETF by 38.8% during the 4th quarter. Park Avenue Securities LLC now owns 32,525 shares of the exchange traded fund’s stock worth $1,566,000 after purchasing an additional 9,088 shares during the last quarter. Edgemoor Investment Advisors Inc. acquired a new position in shares of Alerian MLP ETF in the 4th quarter worth approximately $214,000. Fisher Asset Management LLC acquired a new position in shares of Alerian MLP ETF in the 4th quarter valued at $211,000. Strategic Financial Concepts LLC acquired a new stake in Alerian MLP ETF during the 4th quarter valued at $27,000. Finally, Proficio Capital Partners LLC increased its stake in Alerian MLP ETF by 7.9% in the 4th quarter. Proficio Capital Partners LLC now owns 434,649 shares of the exchange traded fund’s stock valued at $20,933,000 after buying an additional 31,882 shares during the period.

Alerian MLP ETF Stock Performance

NYSEARCA:AMLP opened at $52.57 on Thursday. Alerian MLP ETF has a 52 week low of $44.21 and a 52 week high of $53.24. The stock’s 50 day moving average price is $51.69 and its 200 day moving average price is $49.52. The company has a market capitalization of $10.90 billion, a P/E ratio of 14.02 and a beta of 0.99.

Alerian MLP ETF Increases Dividend

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

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.