Compass Capital Corp MA ADV Buys Shares of 30,635 Alerian MLP ETF (NYSEARCA:AMLP)

Compass Capital Corp MA ADV purchased a new stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 30,635 shares of the exchange traded fund’s stock, valued at approximately $1,490,000.

Several other hedge funds and other institutional investors also recently modified their holdings of AMLP. Strategic Financial Concepts LLC acquired a new position in shares of Alerian MLP ETF during the fourth quarter valued at $27,000. Ashton Thomas Securities LLC acquired a new position in shares of Alerian MLP ETF during the third quarter valued at $28,000. City State Bank acquired a new position in shares of Alerian MLP ETF during the fourth quarter valued at $40,000. Advisors Asset Management Inc. acquired a new position in shares of Alerian MLP ETF during the third quarter valued at $65,000. Finally, Rosenberg Matthew Hamilton boosted its holdings in shares of Alerian MLP ETF by 803.5% during the third quarter. Rosenberg Matthew Hamilton now owns 1,545 shares of the exchange traded fund’s stock valued at $73,000 after acquiring an additional 1,374 shares during the period.

Alerian MLP ETF Stock Performance

Shares of AMLP opened at $52.24 on Friday. Alerian MLP ETF has a 1 year low of $44.21 and a 1 year high of $53.24. The company has a market cap of $9.40 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. The firm has a fifty day moving average of $50.35 and a 200-day moving average of $48.49.

Alerian MLP ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, February 18th. Investors of record on Wednesday, February 12th were issued a $0.97 dividend. The ex-dividend date was Wednesday, February 12th. This is an increase from Alerian MLP ETF’s previous dividend of $0.94.

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.