Sequoia Financial Advisors LLC Has $422,000 Position in Alerian MLP ETF (NYSEARCA:AMLP)

Sequoia Financial Advisors LLC increased its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 3.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,118 shares of the exchange traded fund’s stock after buying an additional 275 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Alerian MLP ETF were worth $422,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Mark Sheptoff Financial Planning LLC boosted its holdings 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 shares of Alerian MLP ETF in the 4th quarter valued at $32,000. Golden State Wealth Management LLC acquired a new stake in shares of Alerian MLP ETF in the 1st quarter valued at $34,000. 1620 Investment Advisors Inc. acquired a new stake in shares of Alerian MLP ETF in the 4th quarter valued at $38,000. Finally, Copia Wealth Management acquired a new stake in shares of Alerian MLP ETF in the 1st quarter valued at $38,000.

Alerian MLP ETF Stock Performance

Shares of AMLP stock opened at $48.94 on Thursday. The stock’s fifty day moving average price is $48.60 and its two-hundred day moving average price is $49.65. The company has a market cap of $10.46 billion, a PE ratio of 14.17 and a beta of 1.42. Alerian MLP ETF has a fifty-two week low of $43.75 and a fifty-two week high of $53.24.

Alerian MLP ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, May 19th. Shareholders of record on Wednesday, May 14th were issued a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a dividend yield of 8.01%. This is an increase 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.