PagnatoKarp Partners LLC Acquires New Position in Alerian MLP ETF (NYSEARCA:AMLP)

PagnatoKarp Partners LLC bought a new position in Alerian MLP ETF (NYSEARCA:AMLP) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 186,226 shares of the exchange traded fund’s stock, valued at approximately $1,626,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of AMLP. Stratos Wealth Partners LTD. boosted its position in shares of Alerian MLP ETF by 7.5% in the 4th quarter. Stratos Wealth Partners LTD. now owns 417,369 shares of the exchange traded fund’s stock valued at $3,644,000 after purchasing an additional 29,098 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of Alerian MLP ETF in the 4th quarter valued at $1,723,000. BBR Partners LLC acquired a new position in shares of Alerian MLP ETF in the 4th quarter valued at $146,000. Sandy Spring Bank boosted its position in shares of Alerian MLP ETF by 1.6% in the 4th quarter. Sandy Spring Bank now owns 119,395 shares of the exchange traded fund’s stock valued at $1,042,000 after purchasing an additional 1,855 shares during the period. Finally, Vaughan David Investments LLC IL boosted its position in shares of Alerian MLP ETF by 5.0% in the 4th quarter. Vaughan David Investments LLC IL now owns 1,617,430 shares of the exchange traded fund’s stock valued at $14,120,000 after purchasing an additional 76,612 shares during the period.

NYSEARCA AMLP traded up $0.06 during trading on Friday, reaching $9.75. 20,883,397 shares of the company’s stock were exchanged, compared to its average volume of 21,299,438. Alerian MLP ETF has a fifty-two week low of $8.27 and a fifty-two week high of $11.41.

The company also recently declared a quarterly dividend, which was paid on Thursday, February 21st. Stockholders of record on Friday, February 15th were paid a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 8.00%. The ex-dividend date was Thursday, February 14th.

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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.

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