Daymark Wealth Partners LLC Purchases Shares of 31,437 Alerian MLP ETF (NYSEARCA:AMLP)

Daymark Wealth Partners LLC purchased a new stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 31,437 shares of the exchange traded fund’s stock, valued at approximately $1,633,000.

A number of other institutional investors have also made changes to their positions in the stock. International Assets Investment Management LLC increased its position in shares of Alerian MLP ETF by 8.5% during the first quarter. International Assets Investment Management LLC now owns 32,896 shares of the exchange traded fund’s stock valued at $1,709,000 after acquiring an additional 2,567 shares during the last quarter. Keudell Morrison Wealth Management grew its holdings in shares of Alerian MLP ETF by 22.2% in the first quarter. Keudell Morrison Wealth Management now owns 6,617 shares of the exchange traded fund’s stock valued at $344,000 after purchasing an additional 1,200 shares in the last quarter. Investment Planning Advisors Inc. grew its holdings in shares of Alerian MLP ETF by 75.7% in the first quarter. Investment Planning Advisors Inc. now owns 12,269 shares of the exchange traded fund’s stock valued at $637,000 after purchasing an additional 5,287 shares in the last quarter. Spirepoint Private Client LLC grew its holdings in shares of Alerian MLP ETF by 10.3% in the first quarter. Spirepoint Private Client LLC now owns 309,897 shares of the exchange traded fund’s stock valued at $16,096,000 after purchasing an additional 28,910 shares in the last quarter. Finally, Oppenheimer & Co. Inc. grew its holdings in shares of Alerian MLP ETF by 7.3% in the first quarter. Oppenheimer & Co. Inc. now owns 89,570 shares of the exchange traded fund’s stock valued at $4,652,000 after purchasing an additional 6,114 shares in the last quarter.

Alerian MLP ETF Stock Performance

Shares of AMLP stock opened at $48.03 on Thursday. The stock has a market capitalization of $10.26 billion, a P/E ratio of 14.17 and a beta of 0.66. The company has a 50 day moving average price of $48.57 and a 200 day moving average price of $49.66. Alerian MLP ETF has a fifty-two week low of $43.75 and a fifty-two week high of $53.24.

Alerian MLP ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 19th. Investors of record on Wednesday, May 14th were issued a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a dividend yield of 8.16%. This is a boost from Alerian MLP ETF’s previous quarterly dividend of $0.95.

Alerian MLP ETF 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.