BFI Infinity Ltd. Makes New $478,000 Investment in Alerian MLP ETF (NYSEARCA:AMLP)

BFI Infinity Ltd. bought a new stake in Alerian MLP ETF (NYSEARCA:AMLP) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 9,210 shares of the exchange traded fund’s stock, valued at approximately $478,000. Alerian MLP ETF accounts for about 0.5% of BFI Infinity Ltd.’s portfolio, making the stock its 26th biggest position.

Several other institutional investors have also recently made changes to their positions in the company. Mark Sheptoff Financial Planning LLC grew its holdings in Alerian MLP ETF by 400.0% during the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 625 shares of the exchange traded fund’s stock worth $30,000 after acquiring an additional 500 shares in the last quarter. Hurley Capital LLC bought a new position in shares of Alerian MLP ETF during the fourth quarter valued at approximately $32,000. 1620 Investment Advisors Inc. bought a new position in shares of Alerian MLP ETF during the fourth quarter valued at approximately $38,000. Capital Analysts LLC increased its holdings in Alerian MLP ETF by 102.8% during the fourth quarter. Capital Analysts LLC now owns 955 shares of the exchange traded fund’s stock valued at $46,000 after buying an additional 484 shares during the period. Finally, 10Elms LLP purchased a new position in Alerian MLP ETF during the fourth quarter valued at approximately $55,000.

Alerian MLP ETF Trading Down 0.8%

Shares of Alerian MLP ETF stock opened at $48.35 on Tuesday. The firm’s 50 day simple moving average is $48.17 and its two-hundred day simple moving average is $49.77. The firm has a market capitalization of $10.29 billion, a price-to-earnings ratio of 12.85 and a beta of 0.66. Alerian MLP ETF has a 12-month low of $43.75 and a 12-month high of $53.24.

Alerian MLP ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, May 19th. Investors of record on Wednesday, May 14th were paid a $0.98 dividend. This is a positive change from Alerian MLP ETF’s previous quarterly dividend of $0.95. This represents a $3.92 dividend on an annualized basis and a yield of 8.11%.

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.