Baystate Wealth Management LLC raised its stake in Alerian MLP (NYSEARCA:AMLP) by 7.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,544,712 shares of the exchange traded fund’s stock after buying an additional 233,217 shares during the period. Alerian MLP comprises about 6.2% of Baystate Wealth Management LLC’s portfolio, making the stock its 5th biggest position. Baystate Wealth Management LLC owned 0.37% of Alerian MLP worth $41,827,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Schroder Investment Management Group acquired a new position in shares of Alerian MLP in the 2nd quarter valued at about $133,000. Colony Group LLC purchased a new stake in shares of Alerian MLP in the second quarter worth approximately $135,000. Frontier Investment Mgmt Co. purchased a new stake in shares of Alerian MLP in the second quarter worth approximately $138,000. Wealthcare Advisory Partners LLC purchased a new stake in shares of Alerian MLP in the third quarter worth approximately $143,000. Finally, Burke & Herbert Bank & Trust Co. purchased a new stake in shares of Alerian MLP in the fourth quarter worth approximately $156,000.
Shares of Alerian MLP (AMLP) traded down $0.01 during midday trading on Wednesday, reaching $10.84. The company’s stock had a trading volume of 1,990,000 shares. Alerian MLP has a 1-year low of $9.79 and a 1-year high of $13.24. The company has a market capitalization of $10,170.00 and a price-to-earnings ratio of 5.26.
The business also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Friday, February 9th will be given a dividend of $0.2066 per share. The ex-dividend date is Thursday, February 8th. This represents a $0.83 annualized dividend and a dividend yield of 7.62%. This is an increase from Alerian MLP’s previous quarterly dividend of $0.21. Alerian MLP’s dividend payout ratio is currently 40.78%.
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Alerian MLP 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.
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