Corbyn Investment Management Inc. MD acquired a new stake in Alerian MLP (NYSEARCA:AMLP) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 439,290 shares of the exchange traded fund’s stock, valued at approximately $4,740,000. Alerian MLP makes up about 1.6% of Corbyn Investment Management Inc. MD’s holdings, making the stock its 25th biggest position.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. TIAA FSB grew its stake in Alerian MLP by 7.8% during the 4th quarter. TIAA FSB now owns 7,897,115 shares of the exchange traded fund’s stock worth $85,210,000 after purchasing an additional 574,401 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Alerian MLP by 12.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 5,268,237 shares of the exchange traded fund’s stock worth $58,849,000 after purchasing an additional 595,804 shares in the last quarter. Chickasaw Capital Management LLC grew its stake in Alerian MLP by 1,113.3% during the 4th quarter. Chickasaw Capital Management LLC now owns 4,006,800 shares of the exchange traded fund’s stock worth $43,233,000 after purchasing an additional 3,676,570 shares in the last quarter. Baystate Wealth Management LLC grew its stake in Alerian MLP by 7.0% during the 4th quarter. Baystate Wealth Management LLC now owns 3,544,712 shares of the exchange traded fund’s stock worth $41,827,000 after purchasing an additional 233,217 shares in the last quarter. Finally, ST Germain D J Co. Inc. grew its stake in Alerian MLP by 2.6% during the 3rd quarter. ST Germain D J Co. Inc. now owns 2,862,054 shares of the exchange traded fund’s stock worth $32,112,000 after purchasing an additional 72,711 shares in the last quarter.
Alerian MLP (NYSEARCA AMLP) traded down $0.01 on Wednesday, reaching $10.84. The company had a trading volume of 1,284,441 shares, compared to its average volume of 18,091,336. The firm has a market cap of $10,180.00 and a PE ratio of 5.27. Alerian MLP has a 1 year low of $9.79 and a 1 year high of $13.24.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Friday, February 9th will be given a dividend of $0.2066 per share. This is a boost from Alerian MLP’s previous quarterly dividend of $0.21. This represents a $0.83 annualized dividend and a dividend yield of 7.62%. The ex-dividend date is Thursday, February 8th. Alerian MLP’s dividend payout ratio is currently 40.78%.
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About Alerian MLP
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.
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