17,404 Shares in Alerian MLP ETF $AMLP Purchased by Hollow Brook Wealth Management LLC

Hollow Brook Wealth Management LLC acquired a new stake in Alerian MLP ETF (NYSEARCA:AMLP) in the third quarter, HoldingsChannel.com reports. The fund acquired 17,404 shares of the exchange traded fund’s stock, valued at approximately $817,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. REAP Financial Group LLC increased its position in Alerian MLP ETF by 2,000.0% during the 3rd quarter. REAP Financial Group LLC now owns 525 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 500 shares during the period. Manchester Capital Management LLC acquired a new stake in shares of Alerian MLP ETF in the 2nd quarter valued at approximately $29,000. GAMMA Investing LLC boosted its stake in shares of Alerian MLP ETF by 213.9% in the third quarter. GAMMA Investing LLC now owns 653 shares of the exchange traded fund’s stock valued at $31,000 after buying an additional 445 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. boosted its stake in shares of Alerian MLP ETF by 136.3% in the third quarter. MJT & Associates Financial Advisory Group Inc. now owns 945 shares of the exchange traded fund’s stock valued at $44,000 after buying an additional 545 shares in the last quarter. Finally, HM Payson & Co. acquired a new position in Alerian MLP ETF during the third quarter worth $47,000.

Alerian MLP ETF Price Performance

Shares of AMLP stock opened at $52.21 on Monday. The business’s fifty day moving average price is $50.46 and its 200 day moving average price is $48.26. The firm has a market capitalization of $11.76 billion, a PE ratio of 14.17 and a beta of 0.70. Alerian MLP ETF has a 1-year low of $43.75 and a 1-year high of $53.20.

Alerian MLP ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Wednesday, February 11th were given a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a dividend yield of 7.7%. The ex-dividend date was Wednesday, February 11th. This is an increase from Alerian MLP ETF’s previous quarterly dividend of $1.00.

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. The Index is comprised of 25 energy infrastructure MLPs. The fund will invest at least 90% of its total assets in securities, which comprise the Index (or depositary receipts based on such securities).