Bullseye Investment Management LLC Reduces Stock Holdings in Alerian MLP ETF (NYSEARCA:AMLP)

Bullseye Investment Management LLC decreased its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 62.3% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 56,953 shares of the exchange traded fund’s stock after selling 93,923 shares during the period. Alerian MLP ETF makes up approximately 1.8% of Bullseye Investment Management LLC’s investment portfolio, making the stock its 15th largest holding. Bullseye Investment Management LLC’s holdings in Alerian MLP ETF were worth $2,775,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of AMLP. L & S Advisors Inc increased its holdings in shares of Alerian MLP ETF by 107.9% during the 4th quarter. L & S Advisors Inc now owns 148,044 shares of the exchange traded fund’s stock valued at $7,130,000 after purchasing an additional 76,846 shares in the last quarter. Strategy Asset Managers LLC grew its position in shares of Alerian MLP ETF by 6.1% in the fourth quarter. Strategy Asset Managers LLC now owns 24,377 shares of the exchange traded fund’s stock valued at $1,174,000 after purchasing an additional 1,408 shares during the period. Maridea Wealth Management LLC acquired a new position in shares of Alerian MLP ETF during the 4th quarter worth about $629,000. Brown Brothers Harriman & Co. lifted its stake in Alerian MLP ETF by 299.3% in the 4th quarter. Brown Brothers Harriman & Co. now owns 6,737 shares of the exchange traded fund’s stock valued at $324,000 after buying an additional 5,050 shares in the last quarter. Finally, Level Four Advisory Services LLC increased its stake in Alerian MLP ETF by 2.4% during the 4th quarter. Level Four Advisory Services LLC now owns 19,806 shares of the exchange traded fund’s stock worth $954,000 after buying an additional 461 shares in the last quarter.

Alerian MLP ETF Stock Up 0.1 %

Shares of NYSEARCA AMLP opened at $52.07 on Friday. The stock has a market capitalization of $10.73 billion, a price-to-earnings ratio of 13.99 and a beta of 1.35. Alerian MLP ETF has a 52 week low of $44.21 and a 52 week high of $53.24. The firm has a 50-day simple moving average of $51.68 and a 200-day simple moving average of $49.41.

Alerian MLP ETF Increases Dividend

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

Alerian MLP ETF 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.