InfraCap MLP ETF (NYSEARCA:AMZA) Declares $0.34 Monthly Dividend

InfraCap MLP ETF (NYSEARCA:AMZA) declared a monthly dividend on Thursday, February 19th. Shareholders of record on Friday, February 20th will be given a dividend of 0.34 per share on Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 9.1%. The ex-dividend date is Friday, February 20th.

InfraCap MLP ETF Stock Down 0.2%

Shares of AMZA traded down $0.08 during midday trading on Friday, reaching $44.79. The company had a trading volume of 35,538 shares, compared to its average volume of 50,460. The firm has a 50 day simple moving average of $41.36 and a 200-day simple moving average of $40.87. The stock has a market cap of $430.38 million, a PE ratio of 14.90 and a beta of 0.95. InfraCap MLP ETF has a 1-year low of $37.18 and a 1-year high of $48.45.

Institutional Investors Weigh In On InfraCap MLP ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC lifted its stake in InfraCap MLP ETF by 2.3% in the 3rd quarter. NewEdge Advisors LLC now owns 61,691 shares of the company’s stock worth $2,479,000 after acquiring an additional 1,395 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in InfraCap MLP ETF by 60.5% during the second quarter. JPMorgan Chase & Co. now owns 3,118 shares of the company’s stock worth $135,000 after buying an additional 1,175 shares in the last quarter. Aventura Private Wealth LLC acquired a new stake in InfraCap MLP ETF during the fourth quarter worth $37,000. Finally, CoreCap Advisors LLC increased its holdings in InfraCap MLP ETF by 24.5% in the 3rd quarter. CoreCap Advisors LLC now owns 2,014 shares of the company’s stock valued at $81,000 after buying an additional 396 shares during the period. Institutional investors own 7.34% of the company’s stock.

About InfraCap MLP ETF

Infrastructure Capital Advisors, LLC is an SEC-registered investment advisor that manages an actively managed ETF and a series of private investment partnerships. The firm was formed in 2012 and is based in New York City.