Alerian MLP ETF (NYSEARCA:AMLP) to Issue Dividend Increase – $0.98 Per Share

Alerian MLP ETF (NYSEARCA:AMLP) announced a quarterly dividend on Wednesday, May 14th, RTT News reports. Shareholders of record on Wednesday, May 14th will be paid a dividend of 0.98 per share by the exchange traded fund on Monday, May 19th. This represents a $3.92 annualized dividend and a dividend yield of 8.02%. This is a 3.2% increase from Alerian MLP ETF’s previous quarterly dividend of $0.95.

Alerian MLP ETF Trading Down 2.1%

Shares of NYSEARCA AMLP opened at $48.88 on Thursday. The stock has a 50 day simple moving average of $49.35 and a 200-day simple moving average of $49.65. The company has a market cap of $10.26 billion, a PE ratio of 12.85 and a beta of 0.68. Alerian MLP ETF has a 12-month low of $43.75 and a 12-month high of $53.24.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Alerian MLP ETF stock. Brighton Jones LLC raised its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 19.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 44,781 shares of the exchange traded fund’s stock after purchasing an additional 7,280 shares during the quarter. Brighton Jones LLC’s holdings in Alerian MLP ETF were worth $2,157,000 as of its most recent SEC filing.

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.