First Republic Investment Management Inc. Purchases Shares of 6,166,300 Alerian MLP ETF (AMLP)

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First Republic Investment Management Inc. purchased a new position in shares of Alerian MLP ETF (NYSEARCA:AMLP) during the second quarter, Holdings Channel reports. The firm purchased 6,166,300 shares of the exchange traded fund’s stock, valued at approximately $62,279,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in AMLP. Sadoff Investment Management LLC acquired a new position in shares of Alerian MLP ETF in the second quarter valued at approximately $108,000. Segall Bryant & Hamill LLC acquired a new position in shares of Alerian MLP ETF in the first quarter valued at approximately $102,000. Avestar Capital LLC acquired a new position in shares of Alerian MLP ETF in the second quarter valued at approximately $110,000. American Century Companies Inc. acquired a new position in shares of Alerian MLP ETF in the second quarter valued at approximately $132,000. Finally, Spears Abacus Advisors LLC acquired a new position in shares of Alerian MLP ETF in the second quarter valued at approximately $147,000.

Shares of AMLP stock opened at $10.98 on Thursday. Alerian MLP ETF has a 1 year low of $9.01 and a 1 year high of $11.89.

The business also recently declared a quarterly dividend, which was paid on Thursday, August 16th. Investors of record on Friday, August 10th were paid a $0.2066 dividend. This represents a $0.83 annualized dividend and a dividend yield of 7.53%. The ex-dividend date was Thursday, August 9th.

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.

Further Reading: Market Capitalization

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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