Transcend Capital Advisors LLC Increases Stock Position in Alerian MLP ETF (NYSEARCA:AMLP)

Transcend Capital Advisors LLC raised its position in Alerian MLP ETF (NYSEARCA:AMLP) by 36.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 45,776 shares of the exchange traded fund’s stock after buying an additional 12,113 shares during the period. Transcend Capital Advisors LLC’s holdings in Alerian MLP ETF were worth $2,378,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Mark Sheptoff Financial Planning LLC increased its stake in shares of Alerian MLP ETF by 400.0% in the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 625 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 500 shares in the last quarter. Hurley Capital LLC acquired a new stake in Alerian MLP ETF in the fourth quarter valued at approximately $32,000. Golden State Wealth Management LLC purchased a new stake in shares of Alerian MLP ETF in the first quarter valued at approximately $34,000. 1620 Investment Advisors Inc. acquired a new position in shares of Alerian MLP ETF during the 4th quarter worth approximately $38,000. Finally, Copia Wealth Management purchased a new position in shares of Alerian MLP ETF during the 1st quarter valued at approximately $38,000.

Alerian MLP ETF Stock Performance

Alerian MLP ETF stock opened at $48.94 on Friday. The stock has a market capitalization of $10.46 billion, a P/E ratio of 14.17 and a beta of 1.42. The company’s fifty day moving average price is $48.58 and its 200 day moving average price is $49.66. 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 business also recently announced a quarterly dividend, which was paid on Monday, May 19th. Stockholders 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 annualized dividend 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.