Palouse Capital Management Inc. Reduces Stake in Alerian MLP ETF (NYSEARCA:AMLP)

Palouse Capital Management Inc. lowered its position in Alerian MLP ETF (NYSEARCA:AMLP) by 0.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 38,774 shares of the exchange traded fund’s stock after selling 305 shares during the period. Palouse Capital Management Inc.’s holdings in Alerian MLP ETF were worth $1,867,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of AMLP. Strategic Financial Concepts LLC purchased a new stake in Alerian MLP ETF in the 4th quarter worth approximately $27,000. Ashton Thomas Securities LLC purchased a new stake in Alerian MLP ETF in the 3rd quarter worth approximately $28,000. City State Bank purchased a new stake in Alerian MLP ETF in the 4th quarter worth approximately $40,000. Advisors Asset Management Inc. purchased a new stake in Alerian MLP ETF in the 3rd quarter worth approximately $65,000. Finally, Rosenberg Matthew Hamilton boosted its position in Alerian MLP ETF by 803.5% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 1,545 shares of the exchange traded fund’s stock worth $73,000 after purchasing an additional 1,374 shares in the last quarter.

Alerian MLP ETF Trading Up 0.4 %

Alerian MLP ETF stock opened at $51.57 on Friday. Alerian MLP ETF has a 12 month low of $43.59 and a 12 month high of $53.24. The stock’s 50 day simple moving average is $50.11 and its two-hundred day simple moving average is $48.37. The firm has a market cap of $9.28 billion, a PE ratio of 13.08 and a beta of 0.48.

Alerian MLP ETF Increases Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Wednesday, February 12th will be given a $0.97 dividend. The ex-dividend date is Wednesday, February 12th. This is a positive change from Alerian MLP ETF’s previous dividend of $0.94.

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.