Spirepoint Private Client LLC Boosts Stake in Alerian MLP ETF $AMLP

Spirepoint Private Client LLC raised its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP – Free Report) by 14.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 373,406 shares of the exchange traded fund’s stock after buying an additional 47,217 shares during the quarter. Alerian MLP ETF comprises about 1.7% of Spirepoint Private Client LLC’s holdings, making the stock its 14th largest position. Spirepoint Private Client LLC’s holdings in Alerian MLP ETF were worth $17,558,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AMLP. REAP Financial Group LLC grew its position in Alerian MLP ETF by 2,000.0% during the third quarter. REAP Financial Group LLC now owns 525 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 500 shares in the last quarter. GAMMA Investing LLC grew its position in Alerian MLP ETF by 213.9% during the third quarter. GAMMA Investing LLC now owns 653 shares of the exchange traded fund’s stock worth $31,000 after buying an additional 445 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new position in Alerian MLP ETF during the fourth quarter worth about $43,000. MJT & Associates Financial Advisory Group Inc. grew its position in Alerian MLP ETF by 136.3% during the third quarter. MJT & Associates Financial Advisory Group Inc. now owns 945 shares of the exchange traded fund’s stock worth $44,000 after buying an additional 545 shares in the last quarter. Finally, HM Payson & Co. purchased a new position in Alerian MLP ETF during the third quarter worth about $47,000.

Alerian MLP ETF Stock Down 0.3%

Alerian MLP ETF stock opened at $52.36 on Friday. Alerian MLP ETF has a 52 week low of $44.64 and a 52 week high of $54.20. The business has a 50-day simple moving average of $51.99 and a 200 day simple moving average of $48.90. The stock has a market cap of $12.09 billion, a price-to-earnings ratio of 14.17 and a beta of 0.63.

Alerian MLP ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Wednesday, February 11th were issued a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date was Wednesday, February 11th. This is an increase from Alerian MLP ETF’s previous quarterly dividend of $1.00.

Alerian MLP ETF Profile

(Free Report)

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).

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