Indie Asset Partners LLC Sells 1,000 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

Indie Asset Partners LLC lessened its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 4.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 19,775 shares of the exchange traded fund’s stock after selling 1,000 shares during the period. Alerian MLP ETF accounts for about 0.7% of Indie Asset Partners LLC’s portfolio, making the stock its 22nd largest position. Indie Asset Partners LLC’s holdings in Alerian MLP ETF were worth $952,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Hilton Capital Management LLC acquired a new position in Alerian MLP ETF during the 3rd quarter valued at about $31,562,000. EP Wealth Advisors LLC lifted its holdings in Alerian MLP ETF by 10,423.5% during the third 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 during the last quarter. LPL Financial LLC grew its stake in Alerian MLP ETF by 13.0% in 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 buying an additional 275,254 shares in the last quarter. Crescent Grove Advisors LLC purchased a new position in shares of Alerian MLP ETF in the fourth quarter valued at $12,868,000. Finally, Fiduciary Family Office LLC bought a new stake in shares of Alerian MLP ETF during the fourth quarter valued at about $11,851,000.

Alerian MLP ETF Stock Performance

Alerian MLP ETF stock opened at $51.71 on Friday. The stock has a market cap of $9.30 billion, a P/E ratio of 13.08 and a beta of 0.48. The firm’s fifty day moving average price is $50.40 and its 200-day moving average price is $48.53. Alerian MLP ETF has a fifty-two week low of $44.21 and a fifty-two week high of $53.24.

Alerian MLP ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, February 18th. Investors of record on Wednesday, February 12th were issued a dividend of $0.97 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This is a positive change from Alerian MLP ETF’s previous dividend of $0.94.

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.