B&D White Capital Company LLC Buys New Stake in Alerian MLP ETF (NYSEARCA:AMLP)

B&D White Capital Company LLC purchased a new position in Alerian MLP ETF (NYSEARCA:AMLP) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 50,000 shares of the exchange traded fund’s stock, valued at approximately $2,408,000. Alerian MLP ETF comprises 0.4% of B&D White Capital Company LLC’s investment portfolio, making the stock its 25th largest position.

A number of other hedge funds also recently bought and sold shares of the business. LPL Financial LLC increased its holdings in shares of Alerian MLP ETF by 13.0% in 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 position in Alerian MLP ETF by 9.7% in the fourth quarter. Stephens Inc. AR now owns 1,079,417 shares of the exchange traded fund’s stock worth $51,985,000 after acquiring an additional 95,191 shares in the last quarter. HighTower Advisors LLC increased its stake in Alerian MLP ETF by 10.7% during the third quarter. HighTower Advisors LLC now owns 872,018 shares of the exchange traded fund’s stock worth $41,091,000 after acquiring an additional 83,961 shares during the last quarter. Hilton Capital Management LLC bought a new stake in Alerian MLP ETF during the third quarter worth approximately $31,562,000. Finally, EP Wealth Advisors LLC raised its position in Alerian MLP ETF by 10,423.5% during the third quarter. EP Wealth Advisors LLC now owns 511,442 shares of the exchange traded fund’s stock valued at $24,104,000 after purchasing an additional 506,582 shares during the period.

Alerian MLP ETF Price Performance

NYSEARCA:AMLP opened at $51.71 on Monday. The firm has a market capitalization of $9.30 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. The business has a 50 day simple moving average of $50.40 and a 200-day simple moving average of $48.56. Alerian MLP ETF has a 1 year low of $44.21 and a 1 year high of $53.24.

Alerian MLP ETF Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, February 18th. Investors of record on Wednesday, February 12th were given 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.