Alerian MLP ETF $AMLP Position Trimmed by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL decreased its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 14.0% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 63,220 shares of the exchange traded fund’s stock after selling 10,320 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Alerian MLP ETF were worth $2,967,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. REAP Financial Group LLC lifted its position in shares of Alerian MLP ETF by 2,000.0% during the 3rd quarter. REAP Financial Group LLC now owns 525 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 500 shares during the last quarter. Manchester Capital Management LLC acquired a new position in shares of Alerian MLP ETF in the 2nd quarter worth $29,000. GAMMA Investing LLC grew its holdings in shares of Alerian MLP ETF by 213.9% in the 3rd quarter. GAMMA Investing LLC now owns 653 shares of the exchange traded fund’s stock worth $31,000 after acquiring an additional 445 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. raised its position in shares of 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 purchasing an additional 545 shares during the period. Finally, HM Payson & Co. acquired a new stake in shares of Alerian MLP ETF during the third quarter worth $47,000.

Alerian MLP ETF Stock Down 0.6%

NYSEARCA:AMLP opened at $52.29 on Tuesday. Alerian MLP ETF has a 1-year low of $43.75 and a 1-year high of $53.20. The firm has a market capitalization of $11.78 billion, a price-to-earnings ratio of 14.17 and a beta of 0.70. The stock has a fifty day simple moving average of $50.07 and a 200 day simple moving average of $48.14.

Alerian MLP ETF Increases Dividend

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

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. 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).