DDFG Inc Decreases Stake in Alerian MLP ETF (NYSEARCA:AMLP)

DDFG Inc lessened its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 5.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 13,097 shares of the exchange traded fund’s stock after selling 822 shares during the quarter. DDFG Inc’s holdings in Alerian MLP ETF were worth $631,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Pinnacle Associates Ltd. lifted its stake in Alerian MLP ETF by 27.2% during the third quarter. Pinnacle Associates Ltd. now owns 6,977 shares of the exchange traded fund’s stock worth $329,000 after purchasing an additional 1,490 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in Alerian MLP ETF by 532.8% during the third quarter. Farther Finance Advisors LLC now owns 19,668 shares of the exchange traded fund’s stock worth $927,000 after purchasing an additional 16,560 shares during the last quarter. Princeton Global Asset Management LLC lifted its stake in Alerian MLP ETF by 48.1% during the third quarter. Princeton Global Asset Management LLC now owns 2,000 shares of the exchange traded fund’s stock worth $94,000 after purchasing an additional 650 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in Alerian MLP ETF by 11.3% during the third quarter. Janney Montgomery Scott LLC now owns 404,580 shares of the exchange traded fund’s stock worth $19,068,000 after purchasing an additional 41,108 shares during the last quarter. Finally, Palisades Hudson Asset Management L.P. purchased a new stake in Alerian MLP ETF during the third quarter worth approximately $200,000.

Alerian MLP ETF Stock Down 0.7 %

AMLP stock opened at $51.57 on Tuesday. The stock has a market cap of $10.61 billion, a price-to-earnings ratio of 14.01 and a beta of 1.38. Alerian MLP ETF has a fifty-two week low of $44.21 and a fifty-two week high of $53.24. The business has a 50 day moving average price of $50.86 and a 200 day moving average price of $48.81.

Alerian MLP ETF Increases Dividend

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

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.