Holderness Investments Co. Invests $361,000 in Alerian MLP ETF (NYSEARCA:AMLP)

Holderness Investments Co. acquired a new position in shares of Alerian MLP ETF (NYSEARCA:AMLP) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 7,492 shares of the exchange traded fund’s stock, valued at approximately $361,000.

Other institutional investors have also recently bought and sold shares of the company. City State Bank purchased a new stake in shares of Alerian MLP ETF during the 4th quarter worth about $40,000. Flagship Wealth Advisors LLC bought a new stake in shares of Alerian MLP ETF in the 4th quarter valued at approximately $63,000. Advisors Asset Management Inc. acquired a new position in Alerian MLP ETF in the third quarter worth approximately $65,000. Geneos Wealth Management Inc. raised its position in Alerian MLP ETF by 159.5% during the fourth quarter. Geneos Wealth Management Inc. now owns 1,570 shares of the exchange traded fund’s stock valued at $76,000 after acquiring an additional 965 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its stake in Alerian MLP ETF by 53.6% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,720 shares of the exchange traded fund’s stock valued at $83,000 after acquiring an additional 600 shares during the last quarter.

Alerian MLP ETF Stock Down 0.3 %

AMLP stock opened at $52.23 on Friday. The company has a market capitalization of $10.76 billion, a price-to-earnings ratio of 13.99 and a beta of 1.35. The firm has a 50 day moving average of $51.51 and a two-hundred day moving average of $49.17. Alerian MLP ETF has a 12 month low of $44.21 and a 12 month high of $53.24.

Alerian MLP ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, February 18th. Shareholders of record on Wednesday, February 12th were given a dividend of $0.97 per share. This is an increase from Alerian MLP ETF’s previous dividend of $0.94. The ex-dividend date of this dividend was Wednesday, February 12th.

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.