Titleist Asset Management LLC Boosts Stock Position in Alerian MLP ETF (NYSEARCA:AMLP)

Titleist Asset Management LLC boosted its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 133.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,330 shares of the exchange traded fund’s stock after buying an additional 21,363 shares during the period. Titleist Asset Management LLC’s holdings in Alerian MLP ETF were worth $1,798,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Mark Sheptoff Financial Planning LLC raised its position in shares of Alerian MLP ETF by 400.0% in the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 625 shares of the exchange traded fund’s stock worth $30,000 after purchasing an additional 500 shares during the last quarter. Hurley Capital LLC bought a new stake in Alerian MLP ETF during the 4th quarter valued at about $32,000. 1620 Investment Advisors Inc. purchased a new position in Alerian MLP ETF in the fourth quarter worth about $38,000. City State Bank bought a new position in shares of Alerian MLP ETF in the fourth quarter worth approximately $40,000. Finally, Flagship Wealth Advisors LLC purchased a new stake in shares of Alerian MLP ETF during the fourth quarter valued at approximately $63,000.

Alerian MLP ETF Stock Down 7.1 %

Shares of AMLP opened at $47.02 on Friday. The company has a market capitalization of $9.75 billion, a P/E ratio of 14.02 and a beta of 0.99. Alerian MLP ETF has a twelve month low of $44.21 and a twelve month high of $53.24. The firm has a 50 day moving average of $51.56 and a 200 day moving average of $49.54.

Alerian MLP ETF Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, February 18th. Stockholders of record on Wednesday, February 12th were paid a $0.97 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This is a positive change from Alerian MLP ETF’s previous dividend of $0.94.

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.