Alerian MLP ETF (NYSEARCA:AMLP) Stock Position Raised by Mills Wealth Advisors LLC

Mills Wealth Advisors LLC lifted its position in Alerian MLP ETF (NYSEARCA:AMLP) by 7.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 78,953 shares of the exchange traded fund’s stock after buying an additional 5,549 shares during the quarter. Alerian MLP ETF accounts for about 2.2% of Mills Wealth Advisors LLC’s investment portfolio, making the stock its 12th biggest holding. Mills Wealth Advisors LLC’s holdings in Alerian MLP ETF were worth $3,802,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC raised its holdings in Alerian MLP ETF by 3,928.2% during the fourth quarter. Proficio Capital Partners LLC now owns 16,224,276 shares of the exchange traded fund’s stock valued at $781,361,000 after buying an additional 15,821,509 shares in the last quarter. LPL Financial LLC increased its holdings in shares of 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 valued at $113,110,000 after acquiring an additional 275,254 shares during the last quarter. Stephens Inc. AR raised its stake in shares of Alerian MLP ETF by 9.7% in the 4th quarter. Stephens Inc. AR now owns 1,079,417 shares of the exchange traded fund’s stock valued at $51,985,000 after acquiring an additional 95,191 shares in the last quarter. HighTower Advisors LLC lifted its holdings in Alerian MLP ETF by 10.7% in 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 last quarter. Finally, Hilton Capital Management LLC bought a new stake in Alerian MLP ETF during the third quarter worth approximately $31,562,000.

Alerian MLP ETF Stock Down 0.2 %

NYSEARCA:AMLP opened at $51.29 on Friday. The company’s 50 day moving average is $50.70 and its 200-day moving average is $48.67. Alerian MLP ETF has a 12 month low of $44.21 and a 12 month high of $53.24. The firm has a market cap of $10.56 billion, a price-to-earnings ratio of 14.01 and a beta of 1.38.

Alerian MLP ETF Increases Dividend

The company also recently announced 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.

Alerian MLP ETF Company 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.