Alerian MLP (AMLP) Shares Bought by Peapack Gladstone Financial Corp

Peapack Gladstone Financial Corp raised its holdings in shares of Alerian MLP (NYSEARCA:AMLP) by 15.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 242,801 shares of the exchange traded fund’s stock after buying an additional 32,485 shares during the quarter. Peapack Gladstone Financial Corp’s holdings in Alerian MLP were worth $2,275,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Alpine Woods Capital Investors LLC increased its position in shares of Alerian MLP by 3.4% during the first quarter. Alpine Woods Capital Investors LLC now owns 150,000 shares of the exchange traded fund’s stock valued at $1,406,000 after purchasing an additional 5,000 shares during the period. American Research & Management Co. increased its position in shares of Alerian MLP by 45.8% during the fourth quarter. American Research & Management Co. now owns 18,075 shares of the exchange traded fund’s stock valued at $195,000 after purchasing an additional 5,675 shares during the period. Westside Investment Management Inc. increased its position in shares of Alerian MLP by 97.9% during the fourth quarter. Westside Investment Management Inc. now owns 12,500 shares of the exchange traded fund’s stock valued at $142,000 after purchasing an additional 6,185 shares during the period. Edge Advisors LLC increased its position in shares of Alerian MLP by 56.8% during the fourth quarter. Edge Advisors LLC now owns 22,785 shares of the exchange traded fund’s stock valued at $245,000 after purchasing an additional 8,251 shares during the period. Finally, Park Avenue Securities LLC increased its position in shares of Alerian MLP by 16.7% during the fourth quarter. Park Avenue Securities LLC now owns 67,392 shares of the exchange traded fund’s stock valued at $745,000 after purchasing an additional 9,650 shares during the period.

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Shares of NYSEARCA:AMLP opened at $10.18 on Friday. Alerian MLP has a fifty-two week low of $9.01 and a fifty-two week high of $12.34.

The business also recently declared a quarterly dividend, which was paid on Thursday, May 17th. Shareholders of record on Friday, May 11th were given a $0.2066 dividend. This represents a $0.83 dividend on an annualized basis and a yield of 8.12%. The ex-dividend date was Thursday, May 10th.

About Alerian MLP

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.

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

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