Alerian MLP ETF (NYSEARCA:AMLP) Shares Sold by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC cut its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 67.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,663 shares of the exchange traded fund’s stock after selling 69,697 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Alerian MLP ETF were worth $1,621,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Ashton Thomas Securities LLC purchased a new position in shares of Alerian MLP ETF in the third quarter valued at approximately $28,000. City State Bank acquired a new position in Alerian MLP ETF in the 4th quarter valued at $40,000. Advisors Asset Management Inc. purchased a new position in Alerian MLP ETF in the 3rd quarter valued at $65,000. Rosenberg Matthew Hamilton lifted its holdings in Alerian MLP ETF by 803.5% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 1,545 shares of the exchange traded fund’s stock valued at $73,000 after purchasing an additional 1,374 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its stake in Alerian MLP ETF by 159.5% during the 4th quarter. Geneos Wealth Management Inc. now owns 1,570 shares of the exchange traded fund’s stock worth $76,000 after purchasing an additional 965 shares during the last quarter.

Alerian MLP ETF Stock Down 1.0 %

Shares of NYSEARCA AMLP opened at $51.71 on Friday. The firm has a 50-day simple moving average of $50.40 and a 200-day simple moving average of $48.53. The stock has a market capitalization of $9.30 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a 52 week low of $44.21 and a 52 week high of $53.24.

Alerian MLP ETF Increases Dividend

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

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.