Walled Lake Planning & Wealth Management LLC Sells 465 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

Walled Lake Planning & Wealth Management LLC cut its position in Alerian MLP ETF (NYSEARCA:AMLP) by 10.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,185 shares of the exchange traded fund’s stock after selling 465 shares during the quarter. Walled Lake Planning & Wealth Management LLC’s holdings in Alerian MLP ETF were worth $202,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Proficio Capital Partners LLC grew its position in shares of Alerian MLP ETF by 3,928.2% in the 4th quarter. Proficio Capital Partners LLC now owns 16,224,276 shares of the exchange traded fund’s stock worth $781,361,000 after buying an additional 15,821,509 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Alerian MLP ETF in the fourth quarter worth $104,132,000. EP Wealth Advisors LLC increased its position in shares of Alerian MLP ETF by 10,423.5% during the third quarter. EP Wealth Advisors LLC now owns 511,442 shares of the exchange traded fund’s stock worth $24,104,000 after purchasing an additional 506,582 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of Alerian MLP ETF by 16.7% during the 4th quarter. LPL Financial LLC now owns 2,801,023 shares of the exchange traded fund’s stock valued at $134,897,000 after purchasing an additional 401,061 shares during the last quarter. Finally, Crescent Grove Advisors LLC acquired a new stake in shares of Alerian MLP ETF in the 4th quarter worth $12,868,000.

Alerian MLP ETF Price Performance

Shares of AMLP stock opened at $52.07 on Friday. The stock’s fifty day moving average price is $51.68 and its 200 day moving average price is $49.41. Alerian MLP ETF has a 1-year low of $44.21 and a 1-year high of $53.24. The company has a market cap of $10.73 billion, a price-to-earnings ratio of 13.99 and a beta of 1.35.

Alerian MLP ETF Increases Dividend

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

Alerian MLP ETF 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.