PNC Financial Services Group Inc. Decreases Stock Holdings in Alerian MLP ETF (NYSEARCA:AMLP)

PNC Financial Services Group Inc. decreased its position in Alerian MLP ETF (NYSEARCA:AMLP) by 7.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,908 shares of the exchange traded fund’s stock after selling 1,458 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Alerian MLP ETF were worth $814,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. Proficio Capital Partners LLC raised its stake in Alerian MLP ETF by 3,928.2% during the 4th quarter. Proficio Capital Partners LLC now owns 16,224,276 shares of the exchange traded fund’s stock worth $781,361,000 after acquiring an additional 15,821,509 shares during the period. LPL Financial LLC increased its stake in shares of Alerian MLP ETF by 13.0% in the third quarter. LPL Financial LLC now owns 2,399,962 shares of the exchange traded fund’s stock worth $113,110,000 after purchasing an additional 275,254 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Alerian MLP ETF during the 4th quarter valued at $104,132,000. Stephens Inc. AR lifted its stake in shares of Alerian MLP ETF by 9.7% during the 4th quarter. Stephens Inc. AR now owns 1,079,417 shares of the exchange traded fund’s stock valued at $51,985,000 after buying an additional 95,191 shares in the last quarter. Finally, HighTower Advisors LLC increased its stake in Alerian MLP ETF by 10.7% in the 3rd quarter. HighTower Advisors LLC now owns 872,018 shares of the exchange traded fund’s stock worth $41,091,000 after buying an additional 83,961 shares in the last quarter.

Alerian MLP ETF Stock Up 1.4 %

NYSEARCA:AMLP opened at $52.22 on Tuesday. The stock has a market cap of $10.76 billion, a PE ratio of 13.99 and a beta of 1.35. The business’s 50-day simple moving average is $51.33 and its two-hundred day simple moving average is $49.09. Alerian MLP ETF has a 52 week low of $44.21 and a 52 week high of $53.24.

Alerian MLP ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, February 18th. Investors of record on Wednesday, February 12th were issued a $0.97 dividend. The ex-dividend date was Wednesday, February 12th. This is a boost from Alerian MLP ETF’s previous dividend of $0.94.

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.