GYL Financial Synergies LLC Purchases 289,122 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

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GYL Financial Synergies LLC raised its position in Alerian MLP ETF (NYSEARCA:AMLP) by 565.8% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 340,218 shares of the exchange traded fund’s stock after buying an additional 289,122 shares during the quarter. GYL Financial Synergies LLC’s holdings in Alerian MLP ETF were worth $3,412,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in AMLP. ERTS Wealth Advisors LLC acquired a new position in shares of Alerian MLP ETF during the 4th quarter worth $30,000. North Star Investment Management Corp. grew its stake in shares of Alerian MLP ETF by 68.0% during the 1st quarter. North Star Investment Management Corp. now owns 4,200 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 1,700 shares during the period. Phocas Financial Corp. acquired a new position in shares of Alerian MLP ETF during the 4th quarter worth $44,000. Legacy Advisors LLC acquired a new position in shares of Alerian MLP ETF during the 1st quarter worth $44,000. Finally, TCG Advisors LP acquired a new position in shares of Alerian MLP ETF during the 1st quarter worth $49,000.

Shares of NYSEARCA:AMLP traded down $0.03 on Wednesday, reaching $9.75. 520,933 shares of the company were exchanged, compared to its average volume of 16,383,301. Alerian MLP ETF has a 1-year low of $8.27 and a 1-year high of $11.41.

The business also recently declared a quarterly dividend, which was paid on Thursday, May 16th. Stockholders of record on Friday, May 10th were paid a dividend of $0.195 per share. The ex-dividend date was Thursday, May 9th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 8.00%.

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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.

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

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