RiverTree Advisors LLC Sells 9,891 Shares of Alerian MLP ETF $AMLP

RiverTree Advisors LLC cut its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 17.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,128 shares of the exchange traded fund’s stock after selling 9,891 shares during the period. Alerian MLP ETF makes up approximately 1.4% of RiverTree Advisors LLC’s holdings, making the stock its 23rd biggest position. RiverTree Advisors LLC’s holdings in Alerian MLP ETF were worth $2,216,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Orion Porfolio Solutions LLC grew its holdings in Alerian MLP ETF by 326.3% during the second quarter. Orion Porfolio Solutions LLC now owns 1,039,696 shares of the exchange traded fund’s stock worth $50,800,000 after purchasing an additional 795,787 shares during the period. Assetmark Inc. grew its holdings in Alerian MLP ETF by 1,024.7% in the 3rd quarter. Assetmark Inc. now owns 716,978 shares of the exchange traded fund’s stock valued at $33,648,000 after buying an additional 653,230 shares in the last quarter. US Bancorp DE increased its position in Alerian MLP ETF by 57.6% during the third quarter. US Bancorp DE now owns 1,197,958 shares of the exchange traded fund’s stock worth $56,220,000 after acquiring an additional 437,947 shares during the period. RS Crum Inc. bought a new position in shares of Alerian MLP ETF during the second quarter worth approximately $14,966,000. Finally, Thrivent Financial for Lutherans raised its holdings in Alerian MLP ETF by 1,100.8% in the 2nd quarter. Thrivent Financial for Lutherans now owns 329,183 shares of the exchange traded fund’s stock valued at $16,084,000 after acquiring an additional 301,769 shares in the last quarter.

Alerian MLP ETF Stock Performance

Shares of Alerian MLP ETF stock opened at $53.48 on Monday. The company has a 50 day moving average of $51.44 and a 200-day moving average of $48.60. Alerian MLP ETF has a 1-year low of $43.75 and a 1-year high of $54.20. The company has a market cap of $12.05 billion, a PE ratio of 14.17 and a beta of 0.70.

Alerian MLP ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders 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 is a positive change from Alerian MLP ETF’s previous quarterly dividend of $1.00. This represents a $4.04 dividend on an annualized basis and a dividend yield of 7.6%.

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).