Sterling Investment Management LLC Buys 17,092 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

Sterling Investment Management LLC increased its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 54.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 48,216 shares of the exchange traded fund’s stock after purchasing an additional 17,092 shares during the quarter. Alerian MLP ETF accounts for 1.8% of Sterling Investment Management LLC’s portfolio, making the stock its 20th largest position. Sterling Investment Management LLC’s holdings in Alerian MLP ETF were worth $2,504,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of AMLP. Brighton Jones LLC raised its position in Alerian MLP ETF by 19.4% in the fourth quarter. Brighton Jones LLC now owns 44,781 shares of the exchange traded fund’s stock worth $2,157,000 after acquiring an additional 7,280 shares during the period. Strategic Financial Concepts LLC bought a new position in Alerian MLP ETF in the 4th quarter worth $27,000. Kestra Private Wealth Services LLC increased its position in Alerian MLP ETF by 3.7% in the fourth quarter. Kestra Private Wealth Services LLC now owns 19,354 shares of the exchange traded fund’s stock worth $932,000 after buying an additional 698 shares in the last quarter. Savant Capital LLC raised its stake in shares of Alerian MLP ETF by 1.0% in the fourth quarter. Savant Capital LLC now owns 26,171 shares of the exchange traded fund’s stock worth $1,260,000 after buying an additional 255 shares during the period. Finally, Focus Financial Network Inc. raised its stake in shares of Alerian MLP ETF by 10.7% in the fourth quarter. Focus Financial Network Inc. now owns 14,758 shares of the exchange traded fund’s stock worth $711,000 after buying an additional 1,425 shares during the period.

Alerian MLP ETF Trading Up 0.5%

Shares of NYSEARCA:AMLP opened at $48.93 on Thursday. The stock has a 50 day moving average of $48.17 and a 200 day moving average of $49.76. The company has a market cap of $10.41 billion, a PE 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 declared a quarterly dividend, which was paid on Monday, May 19th. Shareholders of record on Wednesday, May 14th were given 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 dividend yield of 8.01%.

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.