Cowa LLC Sells 49,874 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

Cowa LLC lowered its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 34.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 95,998 shares of the exchange traded fund’s stock after selling 49,874 shares during the quarter. Alerian MLP ETF comprises 2.1% of Cowa LLC’s investment portfolio, making the stock its 13th largest holding. Cowa LLC’s holdings in Alerian MLP ETF were worth $4,624,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of AMLP. Hilton Capital Management LLC bought a new stake in Alerian MLP ETF during the 3rd quarter valued at $31,562,000. EP Wealth Advisors LLC increased its stake in Alerian MLP ETF by 10,423.5% during the 3rd quarter. EP Wealth Advisors LLC now owns 511,442 shares of the exchange traded fund’s stock valued at $24,104,000 after purchasing an additional 506,582 shares in the last quarter. LPL Financial LLC increased its stake in Alerian MLP ETF by 13.0% during the 3rd quarter. LPL Financial LLC now owns 2,399,962 shares of the exchange traded fund’s stock valued at $113,110,000 after purchasing an additional 275,254 shares in the last quarter. Crescent Grove Advisors LLC bought a new stake in Alerian MLP ETF during the 4th quarter valued at $12,868,000. Finally, Fiduciary Family Office LLC purchased a new position in Alerian MLP ETF during the 4th quarter worth $11,851,000.

Alerian MLP ETF Price Performance

AMLP opened at $51.71 on Friday. The company has a market capitalization of $9.30 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. The firm’s fifty day moving average price is $50.40 and its two-hundred day moving average price is $48.53. Alerian MLP ETF has a 1 year low of $44.21 and a 1 year high of $53.24.

Alerian MLP ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, February 18th. Shareholders 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.