Easterly Investment Partners LLC Sells 1,300 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

Easterly Investment Partners LLC decreased its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 3.6% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,318 shares of the exchange traded fund’s stock after selling 1,300 shares during the period. Easterly Investment Partners LLC’s holdings in Alerian MLP ETF were worth $1,834,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Bank of America Corp DE grew its holdings in shares of Alerian MLP ETF by 16.3% in the fourth quarter. Bank of America Corp DE now owns 8,235,482 shares of the exchange traded fund’s stock worth $396,621,000 after purchasing an additional 1,156,735 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Alerian MLP ETF by 19.4% in the fourth quarter. Wells Fargo & Company MN now owns 6,299,345 shares of the exchange traded fund’s stock worth $303,376,000 after acquiring an additional 1,023,323 shares during the period. LPL Financial LLC lifted its stake in Alerian MLP ETF by 16.7% in the fourth quarter. LPL Financial LLC now owns 2,801,023 shares of the exchange traded fund’s stock worth $134,897,000 after acquiring an additional 401,061 shares during the period. Royal Bank of Canada lifted its stake in Alerian MLP ETF by 5.5% in the fourth quarter. Royal Bank of Canada now owns 1,813,608 shares of the exchange traded fund’s stock worth $87,343,000 after acquiring an additional 94,164 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in Alerian MLP ETF by 9.5% in the fourth quarter. Ameriprise Financial Inc. now owns 1,369,120 shares of the exchange traded fund’s stock worth $65,940,000 after acquiring an additional 118,909 shares during the period.

Alerian MLP ETF Price Performance

NYSEARCA:AMLP opened at $48.66 on Thursday. Alerian MLP ETF has a 1-year low of $43.75 and a 1-year high of $53.24. The company has a 50-day moving average of $48.67 and a 200 day moving average of $49.71. The firm has a market cap of $10.47 billion, a PE ratio of 14.17 and a beta of 1.42.

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 dividend of $0.98 per share. This represents a $3.92 annualized dividend and a dividend yield of 8.06%. This is a positive change from Alerian MLP ETF’s previous quarterly dividend of $0.95.

Alerian MLP ETF 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.