Alerian MLP ETF (NYSEARCA:AMLP) Shares Sold by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE decreased its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 4.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 87,961 shares of the exchange traded fund’s stock after selling 4,101 shares during the period. Congress Wealth Management LLC DE’s holdings in Alerian MLP ETF were worth $4,236,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Park Avenue Securities LLC boosted its position in Alerian MLP ETF by 38.8% during the fourth quarter. Park Avenue Securities LLC now owns 32,525 shares of the exchange traded fund’s stock worth $1,566,000 after purchasing an additional 9,088 shares in the last quarter. Advisors Asset Management Inc. acquired a new position in shares of Alerian MLP ETF during the 3rd quarter worth $65,000. Edgemoor Investment Advisors Inc. purchased a new stake in shares of Alerian MLP ETF in the 4th quarter worth about $214,000. Fisher Asset Management LLC acquired a new stake in Alerian MLP ETF in the 4th quarter valued at about $211,000. Finally, Strategic Financial Concepts LLC purchased a new position in Alerian MLP ETF during the 4th quarter valued at about $27,000.

Alerian MLP ETF Trading Down 0.1 %

Shares of AMLP opened at $51.94 on Wednesday. Alerian MLP ETF has a 12-month low of $44.21 and a 12-month high of $53.24. The stock has a market cap of $10.70 billion, a P/E ratio of 13.99 and a beta of 1.35. The company has a 50-day moving average of $51.63 and a two-hundred day moving average of $49.31.

Alerian MLP ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, February 18th. Investors of record on Wednesday, February 12th were given 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 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.