Weik Capital Management decreased its position in Alerian MLP (NYSEARCA:AMLP) by 4.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 130,450 shares of the exchange traded fund’s stock after selling 6,300 shares during the period. Weik Capital Management’s holdings in Alerian MLP were worth $1,408,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. TIAA FSB grew its stake in shares of Alerian MLP by 6.9% in the 3rd quarter. TIAA FSB now owns 7,322,714 shares of the exchange traded fund’s stock valued at $82,161,000 after buying an additional 474,783 shares during the period. Ameriprise Financial Inc. grew its stake in shares of Alerian MLP by 12.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 5,268,237 shares of the exchange traded fund’s stock valued at $58,849,000 after buying an additional 595,804 shares during the period. Miller Howard Investments Inc. NY purchased a new stake in shares of Alerian MLP in the 3rd quarter valued at approximately $434,000. Broadleaf Partners LLC purchased a new stake in shares of Alerian MLP in the 4th quarter valued at approximately $1,224,000. Finally, Janney Montgomery Scott LLC grew its stake in shares of Alerian MLP by 0.8% in the 3rd quarter. Janney Montgomery Scott LLC now owns 1,735,347 shares of the exchange traded fund’s stock valued at $19,471,000 after buying an additional 14,126 shares during the period.
Shares of Alerian MLP (AMLP) opened at $10.57 on Thursday. Alerian MLP has a one year low of $9.79 and a one year high of $13.06. The firm has a market cap of $9,640.00 and a P/E ratio of 5.06.
The company also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Friday, February 9th were paid a $0.2066 dividend. This is a boost from Alerian MLP’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $0.83 annualized dividend and a dividend yield of 7.82%. Alerian MLP’s dividend payout ratio is 40.78%.
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Alerian MLP 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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