Alerian MLP ETF (NYSEARCA:AMLP) Shares Sold by Balboa Wealth Partners

Balboa Wealth Partners decreased its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 17.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,756 shares of the exchange traded fund’s stock after selling 1,000 shares during the period. Balboa Wealth Partners’ holdings in Alerian MLP ETF were worth $247,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Proficio Capital Partners LLC grew its stake in Alerian MLP ETF by 3,928.2% during the 4th quarter. Proficio Capital Partners LLC now owns 16,224,276 shares of the exchange traded fund’s stock worth $781,361,000 after purchasing an additional 15,821,509 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Alerian MLP ETF by 16.3% in the 4th quarter. Bank of America Corp DE now owns 8,235,482 shares of the exchange traded fund’s stock valued at $396,621,000 after buying an additional 1,156,735 shares during the period. Wells Fargo & Company MN grew its holdings in Alerian MLP ETF by 19.4% during the 4th quarter. Wells Fargo & Company MN now owns 6,299,345 shares of the exchange traded fund’s stock worth $303,376,000 after acquiring an additional 1,023,323 shares in the last quarter. LPL Financial LLC increased its position in shares of Alerian MLP ETF by 16.7% in the 4th quarter. LPL Financial LLC now owns 2,801,023 shares of the exchange traded fund’s stock valued at $134,897,000 after purchasing an additional 401,061 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Alerian MLP ETF in the 4th quarter valued at $104,132,000.

Alerian MLP ETF Trading Up 0.2%

Alerian MLP ETF stock opened at $48.65 on Wednesday. The company has a fifty day simple moving average of $48.57 and a 200-day simple moving average of $49.67. The stock has a market cap of $10.40 billion, a P/E ratio of 14.17 and a beta of 0.66. Alerian MLP ETF has a 12-month low of $43.75 and a 12-month high of $53.24.

Alerian MLP ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, May 19th. Shareholders of record on Wednesday, May 14th were paid a $0.98 dividend. This is a boost from Alerian MLP ETF’s previous quarterly dividend of $0.95. This represents a $3.92 dividend on an annualized basis and a yield of 8.06%.

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.