Cullen Frost Bankers Inc. Increases Position in Alerian MLP ETF (NYSEARCA:AMLP)

Cullen Frost Bankers Inc. lifted its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 6.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 375,480 shares of the exchange traded fund’s stock after acquiring an additional 22,345 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Alerian MLP ETF were worth $3,192,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Creative Planning lifted its stake in Alerian MLP ETF by 77.5% in the third quarter. Creative Planning now owns 27,154,066 shares of the exchange traded fund’s stock valued at $248,188,000 after purchasing an additional 11,852,224 shares during the last quarter. SG Americas Securities LLC lifted its stake in Alerian MLP ETF by 2,702.2% in the fourth quarter. SG Americas Securities LLC now owns 4,521,982 shares of the exchange traded fund’s stock valued at $38,437,000 after purchasing an additional 4,360,609 shares during the last quarter. Chickasaw Capital Management LLC lifted its stake in Alerian MLP ETF by 13,869.3% in the fourth quarter. Chickasaw Capital Management LLC now owns 1,550,595 shares of the exchange traded fund’s stock valued at $13,180,000 after purchasing an additional 1,539,495 shares during the last quarter. Private Advisory Group LLC purchased a new position in Alerian MLP ETF in the third quarter valued at approximately $8,538,000. Finally, VCU Investment Management Co raised its holdings in Alerian MLP ETF by 24.9% during the 4th quarter. VCU Investment Management Co now owns 3,248,783 shares of the exchange traded fund’s stock valued at $27,615,000 after acquiring an additional 648,567 shares during the period.

Shares of AMLP stock opened at $7.85 on Friday. The company’s fifty day simple moving average is $8.42 and its two-hundred day simple moving average is $8.66. Alerian MLP ETF has a 1 year low of $7.65 and a 1 year high of $10.25.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.19 per share. The ex-dividend date is Thursday, February 13th. This represents a $0.76 dividend on an annualized basis and a yield of 9.68%.

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.

Read More: Why do analysts give a neutral rating?

Want to see what other hedge funds are holding AMLP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alerian MLP ETF (NYSEARCA:AMLP).

Institutional Ownership by Quarter for Alerian MLP ETF (NYSEARCA:AMLP)

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