Alerian MLP ETF (NYSEARCA:AMLP) Shares Bought by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. raised its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 58.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,730 shares of the exchange traded fund’s stock after acquiring an additional 1,010 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Alerian MLP ETF were worth $142,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Lmcg Investments LLC lifted its holdings in Alerian MLP ETF by 28.2% in the first quarter. Lmcg Investments LLC now owns 26,073 shares of the exchange traded fund’s stock valued at $1,354,000 after acquiring an additional 5,737 shares during the period. Clare Market Investments LLC lifted its holdings in Alerian MLP ETF by 105.2% in the first quarter. Clare Market Investments LLC now owns 46,432 shares of the exchange traded fund’s stock valued at $2,412,000 after acquiring an additional 23,809 shares during the period. Firethorn Wealth Partners LLC acquired a new stake in Alerian MLP ETF in the first quarter valued at $202,000. RFG Advisory LLC lifted its holdings in Alerian MLP ETF by 354.2% in the first quarter. RFG Advisory LLC now owns 35,444 shares of the exchange traded fund’s stock valued at $1,841,000 after acquiring an additional 27,640 shares during the period. Finally, Merit Financial Group LLC acquired a new stake in Alerian MLP ETF in the first quarter valued at $638,000.

Alerian MLP ETF Stock Performance

Alerian MLP ETF stock opened at $48.75 on Friday. The company has a market cap of $10.37 billion, a P/E ratio of 12.85 and a beta of 0.66. Alerian MLP ETF has a one year low of $43.75 and a one year high of $53.24. The business has a fifty day moving average of $48.25 and a two-hundred day moving average of $49.77.

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 annualized dividend and a dividend yield of 8.04%. This is an increase 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.