Teamwork Financial Advisors LLC Lowers Stake in Alerian MLP ETF (NYSEARCA:AMLP)

Teamwork Financial Advisors LLC trimmed its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 5.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 8,630 shares of the exchange traded fund’s stock after selling 517 shares during the period. Teamwork Financial Advisors LLC’s holdings in Alerian MLP ETF were worth $448,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Strategic Financial Concepts LLC purchased a new position in shares of Alerian MLP ETF during the fourth quarter valued at approximately $27,000. Mark Sheptoff Financial Planning LLC raised its stake in Alerian MLP ETF by 400.0% during the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 625 shares of the exchange traded fund’s stock valued at $30,000 after buying an additional 500 shares during the last quarter. Hurley Capital LLC purchased a new position in Alerian MLP ETF during the fourth quarter valued at $32,000. 1620 Investment Advisors Inc. purchased a new position in shares of Alerian MLP ETF in the 4th quarter worth about $38,000. Finally, Capital Analysts LLC raised its position in shares of Alerian MLP ETF by 102.8% in the 4th quarter. Capital Analysts LLC now owns 955 shares of the exchange traded fund’s stock worth $46,000 after purchasing an additional 484 shares during the last quarter.

Alerian MLP ETF Price Performance

AMLP opened at $48.70 on Wednesday. The stock has a 50-day moving average price of $48.48 and a 200-day moving average price of $49.78. The firm has a market cap of $10.36 billion, a PE ratio of 12.85 and a beta of 0.66. Alerian MLP ETF has a 1 year low of $43.75 and a 1 year high of $53.24.

Alerian MLP ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, May 19th. Shareholders of record on Wednesday, May 14th were issued a $0.98 dividend. This is a boost from Alerian MLP ETF’s previous quarterly dividend of $0.95. This represents a $3.92 annualized dividend and a yield of 8.05%.

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.