Envestnet Portfolio Solutions Inc. Sells 27,730 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

Envestnet Portfolio Solutions Inc. trimmed its position in Alerian MLP ETF (NYSEARCA:AMLP) by 85.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,906 shares of the exchange traded fund’s stock after selling 27,730 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Alerian MLP ETF were worth $236,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in AMLP. Park Avenue Securities LLC increased its stake in Alerian MLP ETF by 38.8% in the 4th quarter. Park Avenue Securities LLC now owns 32,525 shares of the exchange traded fund’s stock worth $1,566,000 after acquiring an additional 9,088 shares during the last quarter. Advisors Asset Management Inc. purchased a new position in shares of Alerian MLP ETF in the third quarter valued at $65,000. Fisher Asset Management LLC bought a new stake in Alerian MLP ETF in the fourth quarter worth $211,000. Strategic Financial Concepts LLC purchased a new stake in Alerian MLP ETF during the fourth quarter valued at $27,000. Finally, Benjamin Edwards Inc. lifted its position in Alerian MLP ETF by 123.2% during the third quarter. Benjamin Edwards Inc. now owns 45,452 shares of the exchange traded fund’s stock valued at $2,142,000 after purchasing an additional 25,090 shares during the last quarter.

Alerian MLP ETF Stock Up 0.1 %

Alerian MLP ETF stock opened at $52.07 on Friday. The company’s 50-day moving average price is $51.68 and its 200-day moving average price is $49.39. The company has a market cap of $10.73 billion, a PE ratio of 13.99 and a beta of 1.35. Alerian MLP ETF has a twelve month low of $44.21 and a twelve month high of $53.24.

Alerian MLP ETF Increases Dividend

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

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.