Motco Sells 10,013 Shares of ETRACS Alerian MLP Infrastructure Index ETN (NYSEARCA:MLPI)

Motco lowered its holdings in ETRACS Alerian MLP Infrastructure Index ETN (NYSEARCA:MLPI) by 64.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,563 shares of the company’s stock after selling 10,013 shares during the period. Motco’s holdings in ETRACS Alerian MLP Infrastructure Index ETN were worth $108,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Samalin Investment Counsel LLC bought a new stake in shares of ETRACS Alerian MLP Infrastructure Index ETN during the 4th quarter worth approximately $35,000. Quadrant Capital Group LLC lifted its holdings in shares of ETRACS Alerian MLP Infrastructure Index ETN by 89.5% during the 3rd quarter. Quadrant Capital Group LLC now owns 7,060 shares of the company’s stock worth $146,000 after acquiring an additional 3,335 shares during the period. Selway Asset Management lifted its holdings in shares of ETRACS Alerian MLP Infrastructure Index ETN by 124.5% during the 3rd quarter. Selway Asset Management now owns 53,090 shares of the company’s stock worth $1,107,000 after acquiring an additional 29,440 shares during the period. Finally, JMG Financial Group Ltd. lifted its holdings in shares of ETRACS Alerian MLP Infrastructure Index ETN by 7.1% during the 3rd quarter. JMG Financial Group Ltd. now owns 852,044 shares of the company’s stock worth $17,765,000 after acquiring an additional 56,656 shares during the period.

Shares of ETRACS Alerian MLP Infrastructure Index ETN stock opened at $17.96 on Friday. The company has a 50 day moving average of $18.98 and a 200-day moving average of $19.59. ETRACS Alerian MLP Infrastructure Index ETN has a 1-year low of $17.51 and a 1-year high of $23.19.

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 22nd. Stockholders of record on Monday, January 13th were issued a dividend of $0.4027 per share. This represents a $1.61 dividend on an annualized basis and a dividend yield of 8.97%. The ex-dividend date of this dividend was Friday, January 10th. This is an increase from ETRACS Alerian MLP Infrastructure Index ETN’s previous quarterly dividend of $0.39.

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Institutional Ownership by Quarter for ETRACS Alerian MLP Infrastructure Index ETN (NYSEARCA:MLPI)

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