Alerian MLP ETF $AMLP Stock Position Increased by Lake Street Private Wealth LLC

Lake Street Private Wealth LLC increased its position in Alerian MLP ETF (NYSEARCA:AMLP) by 58.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 81,037 shares of the exchange traded fund’s stock after buying an additional 29,858 shares during the quarter. Lake Street Private Wealth LLC’s holdings in Alerian MLP ETF were worth $3,803,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Brighton Jones LLC raised its position in Alerian MLP ETF by 19.4% in the fourth quarter. Brighton Jones LLC now owns 44,781 shares of the exchange traded fund’s stock worth $2,157,000 after acquiring an additional 7,280 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Alerian MLP ETF by 2.6% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 960,485 shares of the exchange traded fund’s stock worth $46,929,000 after purchasing an additional 24,497 shares in the last quarter. Ingalls & Snyder LLC lifted its stake in Alerian MLP ETF by 19.1% during the second quarter. Ingalls & Snyder LLC now owns 33,060 shares of the exchange traded fund’s stock valued at $1,615,000 after purchasing an additional 5,300 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in Alerian MLP ETF by 1.3% during the second quarter. Envestnet Asset Management Inc. now owns 1,113,670 shares of the exchange traded fund’s stock worth $54,414,000 after buying an additional 14,538 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC grew its position in Alerian MLP ETF by 56.9% in the second quarter. Ashton Thomas Private Wealth LLC now owns 26,396 shares of the exchange traded fund’s stock worth $1,290,000 after buying an additional 9,577 shares during the last quarter.

Alerian MLP ETF Stock Performance

NYSEARCA AMLP opened at $51.71 on Tuesday. Alerian MLP ETF has a 1 year low of $43.75 and a 1 year high of $52.58. The business’s fifty day moving average is $49.02 and its two-hundred day moving average is $47.87. The stock has a market capitalization of $11.65 billion, a P/E ratio of 14.17 and a beta of 0.70.

Alerian MLP ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Wednesday, February 11th were given a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 7.8%. This is a boost from Alerian MLP ETF’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Wednesday, February 11th.

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. The Index is comprised of 25 energy infrastructure MLPs. The fund will invest at least 90% of its total assets in securities, which comprise the Index (or depositary receipts based on such securities).