Delta Investment Management LLC Acquires Shares of 45,301 Alerian MLP ETF (NYSEARCA:AMLP)

Delta Investment Management LLC purchased a new stake in Alerian MLP ETF (NYSEARCA:AMLP) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 45,301 shares of the exchange traded fund’s stock, valued at approximately $2,182,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Proficio Capital Partners LLC increased its stake in Alerian MLP ETF by 3,928.2% during the 4th quarter. Proficio Capital Partners LLC now owns 16,224,276 shares of the exchange traded fund’s stock worth $781,361,000 after acquiring an additional 15,821,509 shares during the period. Raymond James Financial Inc. bought a new position in shares of Alerian MLP ETF in the 4th quarter valued at $104,132,000. Bank of America Corp DE raised its holdings in shares of Alerian MLP ETF by 16.3% during the 4th quarter. Bank of America Corp DE now owns 8,235,482 shares of the exchange traded fund’s stock worth $396,621,000 after buying an additional 1,156,735 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Alerian MLP ETF by 19.4% during the 4th quarter. Wells Fargo & Company MN now owns 6,299,345 shares of the exchange traded fund’s stock worth $303,376,000 after buying an additional 1,023,323 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. lifted its position in shares of Alerian MLP ETF by 1,482.0% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 499,667 shares of the exchange traded fund’s stock worth $24,064,000 after buying an additional 468,083 shares during the last quarter.

Alerian MLP ETF Stock Down 0.7%

Alerian MLP ETF stock opened at $48.80 on Tuesday. The stock has a market cap of $10.24 billion, a PE ratio of 12.85 and a beta of 0.68. The business’s 50-day moving average price is $49.26 and its two-hundred day moving average price is $49.75. Alerian MLP ETF has a 12-month low of $43.75 and a 12-month high of $53.24.

Alerian MLP ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, May 19th. Stockholders of record on Wednesday, May 14th were paid a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a dividend yield of 8.03%. This is a positive change from Alerian MLP ETF’s previous quarterly dividend of $0.95.

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.