Axxcess Wealth Management LLC Reduces Position in Alerian MLP ETF (NYSEARCA:AMLP)

Axxcess Wealth Management LLC lowered its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 69.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,832 shares of the exchange traded fund’s stock after selling 24,095 shares during the period. Axxcess Wealth Management LLC’s holdings in Alerian MLP ETF were worth $522,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. Thrivent Financial for Lutherans increased its position in shares of Alerian MLP ETF by 2.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 27,448 shares of the exchange traded fund’s stock worth $1,294,000 after purchasing an additional 592 shares during the last quarter. Commerce Bank increased its holdings in Alerian MLP ETF by 8.9% in the third quarter. Commerce Bank now owns 142,350 shares of the exchange traded fund’s stock valued at $6,709,000 after buying an additional 11,582 shares during the last quarter. Advisors Asset Management Inc. acquired a new stake in Alerian MLP ETF during the third quarter valued at approximately $65,000. LPL Financial LLC lifted its holdings in Alerian MLP ETF by 13.0% during the 3rd quarter. LPL Financial LLC now owns 2,399,962 shares of the exchange traded fund’s stock worth $113,110,000 after buying an additional 275,254 shares during the last quarter. Finally, Citigroup Inc. grew its position in shares of Alerian MLP ETF by 5.0% in the 3rd quarter. Citigroup Inc. now owns 106,935 shares of the exchange traded fund’s stock worth $5,040,000 after acquiring an additional 5,065 shares in the last quarter.

Alerian MLP ETF Trading Down 1.2 %

Shares of NYSEARCA AMLP opened at $51.60 on Friday. The company has a market capitalization of $10.63 billion, a price-to-earnings ratio of 13.99 and a beta of 1.35. Alerian MLP ETF has a twelve month low of $44.21 and a twelve month high of $53.24. The business has a 50 day simple moving average of $51.56 and a 200-day simple moving average of $49.20.

Alerian MLP ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, February 18th. Shareholders of record on Wednesday, February 12th were paid 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 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.