57,951 Shares in Alerian MLP ETF $AMLP Purchased by Consolidated Portfolio Review Corp

Consolidated Portfolio Review Corp bought a new position in Alerian MLP ETF (NYSEARCA:AMLP) in the 3rd quarter, HoldingsChannel reports. The institutional investor bought 57,951 shares of the exchange traded fund’s stock, valued at approximately $2,720,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. REAP Financial Group LLC boosted its position in shares of Alerian MLP ETF by 2,000.0% in the third quarter. REAP Financial Group LLC now owns 525 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 500 shares during the period. Manchester Capital Management LLC purchased a new stake in Alerian MLP ETF in the 2nd quarter worth approximately $29,000. GAMMA Investing LLC boosted its holdings in Alerian MLP ETF by 213.9% in the 3rd quarter. GAMMA Investing LLC now owns 653 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 445 shares during the period. MJT & Associates Financial Advisory Group Inc. boosted its holdings in Alerian MLP ETF by 136.3% in the 3rd quarter. MJT & Associates Financial Advisory Group Inc. now owns 945 shares of the exchange traded fund’s stock valued at $44,000 after purchasing an additional 545 shares during the period. Finally, HM Payson & Co. purchased a new position in shares of Alerian MLP ETF during the 3rd quarter valued at $47,000.

Alerian MLP ETF Stock Performance

Alerian MLP ETF stock opened at $52.66 on Friday. Alerian MLP ETF has a fifty-two week low of $43.75 and a fifty-two week high of $53.20. The stock has a market cap of $11.86 billion, a P/E ratio of 14.17 and a beta of 0.70. The firm’s fifty day moving average price is $49.85 and its 200-day moving average price is $48.08.

Alerian MLP ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Wednesday, February 11th were paid a $1.01 dividend. The ex-dividend date was Wednesday, February 11th. This represents a $4.04 dividend on an annualized basis and a yield of 7.7%. This is an increase from Alerian MLP ETF’s previous quarterly dividend of $1.00.

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. The Index is comprised of 25 energy infrastructure MLPs. The fund will invest at least 90% of its total assets in securities, which comprise the Index (or depositary receipts based on such securities).