Madrona Financial Services LLC Purchases New Stake in Alerian MLP ETF $AMLP

Madrona Financial Services LLC purchased a new stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) in the fourth quarter, Holdings Channel reports. The firm purchased 13,080 shares of the exchange traded fund’s stock, valued at approximately $615,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. REAP Financial Group LLC raised its holdings in Alerian MLP ETF by 2,000.0% during the 3rd quarter. REAP Financial Group LLC now owns 525 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 500 shares during the last quarter. GAMMA Investing LLC raised its holdings in Alerian MLP ETF by 213.9% during the 3rd quarter. GAMMA Investing LLC now owns 653 shares of the exchange traded fund’s stock valued at $31,000 after buying an additional 445 shares during the last quarter. Flagship Harbor Advisors LLC bought a new stake in Alerian MLP ETF during the 4th quarter valued at $43,000. MJT & Associates Financial Advisory Group Inc. raised its holdings in Alerian MLP ETF by 136.3% during the 3rd quarter. MJT & Associates Financial Advisory Group Inc. now owns 945 shares of the exchange traded fund’s stock valued at $44,000 after buying an additional 545 shares during the last quarter. Finally, HM Payson & Co. bought a new stake in Alerian MLP ETF during the 3rd quarter valued at $47,000.

Alerian MLP ETF Stock Down 0.1%

NYSEARCA:AMLP opened at $52.30 on Friday. The company has a fifty day moving average of $52.03 and a 200 day moving average of $48.94. Alerian MLP ETF has a 52 week low of $44.64 and a 52 week high of $54.20. The firm has a market capitalization of $12.12 billion, a P/E ratio of 14.17 and a beta of 0.56.

Alerian MLP ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Wednesday, February 11th were issued a dividend of $1.01 per share. The ex-dividend date was Wednesday, February 11th. This represents a $4.04 dividend on an annualized basis and a yield of 7.7%. This is an increase from Alerian MLP ETF’s previous quarterly dividend of $1.00.

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. The Index is comprised of 25 energy infrastructure MLPs. The fund will invest at least 90% of its total assets in securities, which comprise the Index (or depositary receipts based on such securities).