Capital Advisors Inc. OK Purchases Shares of 7,068 Alerian MLP ETF (NYSEARCA:AMLP)

Capital Advisors Inc. OK acquired a new position in shares of Alerian MLP ETF (NYSEARCA:AMLP) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 7,068 shares of the exchange traded fund’s stock, valued at approximately $340,000.

A number of other large investors have also recently made changes to their positions in AMLP. Hilton Capital Management LLC acquired a new stake in shares of Alerian MLP ETF in the 3rd quarter worth about $31,562,000. EP Wealth Advisors LLC raised its stake in shares of Alerian MLP ETF by 10,423.5% in the third quarter. EP Wealth Advisors LLC now owns 511,442 shares of the exchange traded fund’s stock worth $24,104,000 after purchasing an additional 506,582 shares during the last quarter. School Employees Retirement Board of Ohio bought a new position in shares of Alerian MLP ETF in the third quarter valued at approximately $14,643,000. LPL Financial LLC boosted its position in shares of Alerian MLP ETF by 13.0% during the third quarter. LPL Financial LLC now owns 2,399,962 shares of the exchange traded fund’s stock valued at $113,110,000 after buying an additional 275,254 shares during the last quarter. Finally, Crescent Grove Advisors LLC purchased a new position in shares of Alerian MLP ETF during the fourth quarter valued at approximately $12,868,000.

Alerian MLP ETF Trading Down 3.3 %

NYSEARCA AMLP opened at $50.38 on Thursday. The business has a fifty day simple moving average of $50.06 and a 200 day simple moving average of $48.33. Alerian MLP ETF has a 12 month low of $43.29 and a 12 month high of $53.24. The firm has a market capitalization of $9.06 billion, a P/E ratio of 13.08 and a beta of 0.48.

Alerian MLP ETF Increases Dividend

The company also recently announced a dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Wednesday, February 12th will be issued a $0.97 dividend. The ex-dividend date of this dividend is 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.