Alerian MLP ETF (NYSEARCA:AMLP) Increases Dividend to $0.98 Per Share

Alerian MLP ETF (NYSEARCA:AMLP) announced a quarterly dividend on Wednesday, May 14th, RTT News reports. Investors of record on Wednesday, May 14th will be given 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 yield of 8.02%. This is a 3.2% increase from Alerian MLP ETF’s previous quarterly dividend of $0.95.

Alerian MLP ETF Stock Performance

Alerian MLP ETF stock opened at $48.88 on Thursday. The firm has a market cap of $10.26 billion, a price-to-earnings ratio of 12.85 and a beta of 0.68. Alerian MLP ETF has a 1 year low of $43.75 and a 1 year high of $53.24. The firm’s 50 day moving average price is $49.35 and its two-hundred day moving average price is $49.65.

Hedge Funds Weigh In On Alerian MLP ETF

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% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm 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 at the end of the most recent quarter.

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.