Cornerstone Advisory LLC Has $1.30 Million Holdings in Alerian MLP ETF (AMLP)

Cornerstone Advisory LLC decreased its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 16.6% in the first quarter, HoldingsChannel reports. The firm owned 129,352 shares of the exchange traded fund’s stock after selling 25,685 shares during the period. Cornerstone Advisory LLC’s holdings in Alerian MLP ETF were worth $1,297,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Shulman DeMeo Asset Management LLC increased its stake in shares of Alerian MLP ETF by 1.6% during the first quarter. Shulman DeMeo Asset Management LLC now owns 65,697 shares of the exchange traded fund’s stock valued at $659,000 after purchasing an additional 1,017 shares in the last quarter. TRUE Private Wealth Advisors increased its stake in shares of Alerian MLP ETF by 1.3% during the first quarter. TRUE Private Wealth Advisors now owns 80,802 shares of the exchange traded fund’s stock valued at $810,000 after purchasing an additional 1,037 shares in the last quarter. Wambolt & Associates LLC increased its position in shares of Alerian MLP ETF by 0.5% during the first quarter. Wambolt & Associates LLC now owns 225,000 shares of the exchange traded fund’s stock valued at $2,264,000 after acquiring an additional 1,113 shares in the last quarter. Alpha Omega Wealth Management LLC increased its position in shares of Alerian MLP ETF by 10.7% during the first quarter. Alpha Omega Wealth Management LLC now owns 11,675 shares of the exchange traded fund’s stock valued at $117,000 after acquiring an additional 1,125 shares in the last quarter. Finally, Newman Dignan & Sheerar Inc. increased its position in shares of Alerian MLP ETF by 3.8% during the first quarter. Newman Dignan & Sheerar Inc. now owns 30,979 shares of the exchange traded fund’s stock valued at $311,000 after acquiring an additional 1,130 shares in the last quarter.

Shares of AMLP opened at $9.97 on Tuesday. Alerian MLP ETF has a twelve month low of $8.27 and a twelve month high of $11.41.

The company also recently declared a quarterly dividend, which was paid on Thursday, May 16th. Investors of record on Friday, May 10th were given a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a dividend yield of 7.82%. The ex-dividend date was Thursday, May 9th.

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Alerian MLP ETF Company 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.

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

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