Herbst Group LLC Sells 36,226 Shares of Alerian MLP ETF $AMLP

Herbst Group LLC cut its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 39.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 55,920 shares of the exchange traded fund’s stock after selling 36,226 shares during the period. Alerian MLP ETF makes up 1.5% of Herbst Group LLC’s portfolio, making the stock its 27th largest holding. Herbst Group LLC’s holdings in Alerian MLP ETF were worth $2,629,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in AMLP. Brighton Jones LLC raised its position in Alerian MLP ETF by 19.4% in the 4th quarter. Brighton Jones LLC now owns 44,781 shares of the exchange traded fund’s stock worth $2,157,000 after purchasing an additional 7,280 shares during the period. Franklin Resources Inc. lifted its stake in Alerian MLP ETF by 3.2% in the second quarter. Franklin Resources Inc. now owns 38,235 shares of the exchange traded fund’s stock worth $1,868,000 after purchasing an additional 1,198 shares during the last quarter. Beacon Pointe Advisors LLC grew its stake in shares of Alerian MLP ETF by 6.9% during the second quarter. Beacon Pointe Advisors LLC now owns 61,918 shares of the exchange traded fund’s stock valued at $3,025,000 after buying an additional 4,016 shares during the last quarter. Nicolet Bankshares Inc. grew its stake in shares of Alerian MLP ETF by 2.0% during the second quarter. Nicolet Bankshares Inc. now owns 138,087 shares of the exchange traded fund’s stock valued at $6,747,000 after buying an additional 2,661 shares during the last quarter. Finally, Plan Group Financial LLC bought a new position in shares of Alerian MLP ETF during the second quarter valued at approximately $1,591,000.

Alerian MLP ETF Stock Performance

Shares of NYSEARCA AMLP opened at $52.09 on Thursday. Alerian MLP ETF has a fifty-two week low of $43.75 and a fifty-two week high of $54.20. The company has a market cap of $11.74 billion, a price-to-earnings ratio of 14.17 and a beta of 0.70. The business’s 50 day moving average price is $51.66 and its 200-day moving average price is $48.70.

Alerian MLP ETF Increases Dividend

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

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).