Alerian MLP ETF (NYSEARCA:AMLP) Shares Sold by Nicolet Advisory Services LLC

Nicolet Advisory Services LLC cut its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 1.2% in the 4th quarter, Holdings Channel reports. The fund owned 202,693 shares of the exchange traded fund’s stock after selling 2,482 shares during the quarter. Alerian MLP ETF accounts for approximately 0.9% of Nicolet Advisory Services LLC’s portfolio, making the stock its 27th biggest position. Nicolet Advisory Services LLC’s holdings in Alerian MLP ETF were worth $9,968,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of AMLP. FMR LLC boosted its holdings in Alerian MLP ETF by 22.7% in the 3rd quarter. FMR LLC now owns 32,848 shares of the exchange traded fund’s stock valued at $1,548,000 after purchasing an additional 6,082 shares in the last quarter. Glenmede Trust Co. NA acquired a new position in shares of Alerian MLP ETF during the 3rd quarter worth approximately $335,000. Benjamin Edwards Inc. lifted its position in shares of Alerian MLP ETF by 123.2% in the third quarter. Benjamin Edwards Inc. now owns 45,452 shares of the exchange traded fund’s stock valued at $2,142,000 after acquiring an additional 25,090 shares in the last quarter. HighTower Advisors LLC raised its stake in Alerian MLP ETF by 10.7% in the 3rd quarter. HighTower Advisors LLC now owns 872,018 shares of the exchange traded fund’s stock valued at $41,091,000 after purchasing an additional 83,961 shares during the last quarter. Finally, IHT Wealth Management LLC lifted its stake in shares of Alerian MLP ETF by 61.1% during the third quarter. IHT Wealth Management LLC now owns 10,573 shares of the exchange traded fund’s stock valued at $499,000 after buying an additional 4,011 shares during the period.

Alerian MLP ETF Stock Up 0.6 %

AMLP stock opened at $52.57 on Thursday. The stock’s fifty day simple moving average is $51.69 and its 200-day simple moving average is $49.52. Alerian MLP ETF has a 52-week low of $44.21 and a 52-week high of $53.24. The stock has a market capitalization of $10.90 billion, a price-to-earnings ratio of 14.02 and a beta of 0.99.

Alerian MLP ETF Increases Dividend

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

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.