Focus Financial Network Inc. Boosts Stock Position in Alerian MLP ETF (NYSEARCA:AMLP)

Focus Financial Network Inc. increased its position in Alerian MLP ETF (NYSEARCA:AMLP) by 10.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,758 shares of the exchange traded fund’s stock after acquiring an additional 1,425 shares during the quarter. Focus Financial Network Inc.’s holdings in Alerian MLP ETF were worth $711,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AMLP. Park Avenue Securities LLC boosted its position in shares of Alerian MLP ETF by 38.8% in the fourth quarter. Park Avenue Securities LLC now owns 32,525 shares of the exchange traded fund’s stock worth $1,566,000 after purchasing an additional 9,088 shares during the period. Farther Finance Advisors LLC raised its position in shares of Alerian MLP ETF by 532.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 19,668 shares of the exchange traded fund’s stock valued at $927,000 after purchasing an additional 16,560 shares during the period. Advisors Asset Management Inc. purchased a new position in shares of Alerian MLP ETF during the 3rd quarter valued at $65,000. Violich Capital Management Inc. boosted its holdings in Alerian MLP ETF by 1.7% in the 3rd quarter. Violich Capital Management Inc. now owns 225,290 shares of the exchange traded fund’s stock worth $10,618,000 after buying an additional 3,870 shares during the period. Finally, Benjamin Edwards Inc. increased its stake in Alerian MLP ETF by 123.2% in the 3rd quarter. Benjamin Edwards Inc. now owns 45,452 shares of the exchange traded fund’s stock worth $2,142,000 after buying an additional 25,090 shares in the last quarter.

Alerian MLP ETF Stock Down 3.3 %

Shares of Alerian MLP ETF stock opened at $50.38 on Thursday. The company has a market capitalization of $9.06 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. The stock’s 50-day simple moving average is $50.06 and its 200-day simple moving average is $48.33. Alerian MLP ETF has a 52 week low of $43.29 and a 52 week high of $53.24.

Alerian MLP ETF Increases Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, February 18th. Investors 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 a boost from Alerian MLP ETF’s previous dividend of $0.94.

Alerian MLP ETF Profile

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.