Holderness Investments Co. Grows Position in Alerian MLP ETF $AMLP

Holderness Investments Co. boosted its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 77.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,390 shares of the exchange traded fund’s stock after buying an additional 17,236 shares during the period. Holderness Investments Co.’s holdings in Alerian MLP ETF were worth $1,849,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Level Four Advisory Services LLC grew its position in shares of Alerian MLP ETF by 1.0% during the second quarter. Level Four Advisory Services LLC now owns 20,536 shares of the exchange traded fund’s stock worth $1,003,000 after acquiring an additional 210 shares during the last quarter. Opal Wealth Advisors LLC raised its position in Alerian MLP ETF by 2.7% in the 3rd quarter. Opal Wealth Advisors LLC now owns 8,467 shares of the exchange traded fund’s stock valued at $397,000 after purchasing an additional 221 shares during the last quarter. Private Advisory Group LLC boosted its stake in Alerian MLP ETF by 5.6% during the 3rd quarter. Private Advisory Group LLC now owns 4,524 shares of the exchange traded fund’s stock worth $212,000 after purchasing an additional 239 shares during the period. Berkeley Capital Partners LLC grew its position in Alerian MLP ETF by 0.4% during the 3rd quarter. Berkeley Capital Partners LLC now owns 62,633 shares of the exchange traded fund’s stock worth $2,939,000 after purchasing an additional 248 shares during the last quarter. Finally, Fountainhead AM LLC grew its position in Alerian MLP ETF by 4.5% during the 2nd quarter. Fountainhead AM LLC now owns 6,057 shares of the exchange traded fund’s stock worth $296,000 after purchasing an additional 259 shares during the last quarter.

Alerian MLP ETF Stock Performance

Shares of NYSEARCA:AMLP opened at $52.04 on Friday. The company has a 50-day simple moving average of $49.41 and a 200-day simple moving average of $47.96. Alerian MLP ETF has a one year low of $43.75 and a one year high of $52.58. The stock has a market capitalization of $11.73 billion, a price-to-earnings ratio of 14.17 and a beta of 0.70.

Alerian MLP ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Wednesday, February 11th were paid a dividend of $1.01 per share. The ex-dividend date of this dividend was Wednesday, February 11th. This represents a $4.04 annualized dividend and a yield of 7.8%. This is a boost from Alerian MLP ETF’s previous quarterly dividend of $1.00.

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. 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).