Transce3nd LLC Cuts Stock Holdings in Alerian MLP ETF (NYSEARCA:AMLP)

Transce3nd LLC reduced its position in Alerian MLP ETF (NYSEARCA:AMLP) by 63.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,332 shares of the exchange traded fund’s stock after selling 2,310 shares during the quarter. Transce3nd LLC’s holdings in Alerian MLP ETF were worth $69,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its holdings in 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 valued at $396,621,000 after acquiring an additional 1,156,735 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Alerian MLP ETF by 19.4% in the 4th quarter. Wells Fargo & Company MN now owns 6,299,345 shares of the exchange traded fund’s stock valued at $303,376,000 after buying an additional 1,023,323 shares during the period. LPL Financial LLC grew its holdings in Alerian MLP ETF by 16.7% during the 4th 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 in the last quarter. Royal Bank of Canada increased its holdings 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 valued at $87,343,000 after buying an additional 94,164 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in Alerian MLP ETF by 9.5% during the 4th quarter. Ameriprise Financial Inc. now owns 1,369,120 shares of the exchange traded fund’s stock worth $65,940,000 after buying an additional 118,909 shares during the last quarter.

Alerian MLP ETF Trading Up 1.0%

AMLP stock opened at $49.11 on Friday. The business has a 50 day simple moving average of $48.69 and a 200-day simple moving average of $49.72. Alerian MLP ETF has a twelve month low of $43.75 and a twelve month high of $53.24. The company has a market capitalization of $10.56 billion, a P/E ratio of 14.17 and a beta of 1.42.

Alerian MLP ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, May 19th. Investors of record on Wednesday, May 14th were paid 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 yield of 7.98%.

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.