Avidian Wealth Enterprises LLC Grows Holdings in Alerian MLP ETF (NYSEARCA:AMLP)

Avidian Wealth Enterprises LLC boosted its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 4.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,990 shares of the exchange traded fund’s stock after purchasing an additional 771 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in Alerian MLP ETF were worth $818,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. LPL Financial LLC raised its position in Alerian MLP ETF by 13.0% during the 3rd quarter. LPL Financial LLC now owns 2,399,962 shares of the exchange traded fund’s stock worth $113,110,000 after buying an additional 275,254 shares during the last quarter. Stephens Inc. AR grew its stake in shares of Alerian MLP ETF by 9.7% during the 4th quarter. Stephens Inc. AR now owns 1,079,417 shares of the exchange traded fund’s stock worth $51,985,000 after purchasing an additional 95,191 shares during the period. Raymond James & Associates grew its stake in shares of Alerian MLP ETF by 2.4% during the 3rd quarter. Raymond James & Associates now owns 1,061,519 shares of the exchange traded fund’s stock worth $50,029,000 after purchasing an additional 24,674 shares during the period. Naviter Wealth LLC grew its stake in shares of Alerian MLP ETF by 14.2% during the 3rd quarter. Naviter Wealth LLC now owns 877,080 shares of the exchange traded fund’s stock worth $41,337,000 after purchasing an additional 108,804 shares during the period. Finally, HighTower Advisors LLC grew its stake in shares of Alerian MLP ETF by 10.7% during the 3rd quarter. HighTower Advisors LLC now owns 872,018 shares of the exchange traded fund’s stock worth $41,091,000 after purchasing an additional 83,961 shares during the period.

Alerian MLP ETF Stock Down 3.3 %

NYSEARCA:AMLP opened at $50.38 on Thursday. Alerian MLP ETF has a fifty-two week low of $43.29 and a fifty-two week high of $53.24. The stock has a market cap of $9.06 billion, a PE ratio of 13.08 and a beta of 0.48. The firm’s fifty day simple moving average is $50.06 and its 200-day simple moving average is $48.33.

Alerian MLP ETF Increases Dividend

The business also recently declared a dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Wednesday, February 12th will be paid a dividend of $0.97 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This is a boost 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.