Sierra Capital LLC Sells 1,675 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

Sierra Capital LLC lessened its position in Alerian MLP ETF (NYSEARCA:AMLP) by 4.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,825 shares of the exchange traded fund’s stock after selling 1,675 shares during the quarter. Sierra Capital LLC’s holdings in Alerian MLP ETF were worth $1,774,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hilton Capital Management LLC acquired a new stake in shares of Alerian MLP ETF in the third quarter worth $31,562,000. EP Wealth Advisors LLC boosted its holdings in Alerian MLP ETF by 10,423.5% in the 3rd quarter. EP Wealth Advisors LLC now owns 511,442 shares of the exchange traded fund’s stock valued at $24,104,000 after purchasing an additional 506,582 shares during the period. LPL Financial LLC grew its position in Alerian MLP ETF by 13.0% in the 3rd quarter. LPL Financial LLC now owns 2,399,962 shares of the exchange traded fund’s stock worth $113,110,000 after purchasing an additional 275,254 shares during the last quarter. Crescent Grove Advisors LLC bought a new position in shares of Alerian MLP ETF during the 4th quarter worth about $12,868,000. Finally, Fiduciary Family Office LLC acquired a new position in shares of Alerian MLP ETF during the fourth quarter valued at about $11,851,000.

Alerian MLP ETF Stock Performance

NYSEARCA AMLP opened at $51.41 on Tuesday. Alerian MLP ETF has a twelve month low of $44.21 and a twelve month high of $53.24. The stock has a market cap of $9.25 billion, a PE ratio of 13.08 and a beta of 0.48. The firm has a 50-day simple moving average of $50.47 and a 200 day simple moving average of $48.59.

Alerian MLP ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, February 18th. Stockholders of record on Wednesday, February 12th were issued a dividend of $0.97 per share. The ex-dividend date was Wednesday, February 12th. This is a positive change from Alerian MLP ETF’s previous dividend of $0.94.

Alerian MLP ETF 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.