Alerian MLP ETF (NYSEARCA:AMLP) Shares Acquired by Strategy Asset Managers LLC

Strategy Asset Managers LLC boosted its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 6.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 24,377 shares of the exchange traded fund’s stock after purchasing an additional 1,408 shares during the quarter. Strategy Asset Managers LLC’s holdings in Alerian MLP ETF were worth $1,174,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC grew its position in shares of Alerian MLP ETF by 3,928.2% in 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 purchasing an additional 15,821,509 shares during the period. Raymond James Financial Inc. purchased a new position in Alerian MLP ETF in the 4th quarter valued at about $104,132,000. EP Wealth Advisors LLC boosted its holdings in Alerian MLP ETF by 10,423.5% in the 3rd quarter. EP Wealth Advisors LLC now owns 511,442 shares of the exchange traded fund’s stock worth $24,104,000 after buying an additional 506,582 shares during the last quarter. LPL Financial LLC increased its stake in Alerian MLP ETF by 16.7% during the 4th quarter. LPL Financial LLC now owns 2,801,023 shares of the exchange traded fund’s stock worth $134,897,000 after buying an additional 401,061 shares in the last quarter. Finally, Crescent Grove Advisors LLC acquired a new position in shares of Alerian MLP ETF during the fourth quarter valued at approximately $12,868,000.

Alerian MLP ETF Price Performance

Shares of NYSEARCA:AMLP opened at $52.07 on Friday. Alerian MLP ETF has a 1 year low of $44.21 and a 1 year high of $53.24. The firm has a market capitalization of $10.73 billion, a PE ratio of 13.99 and a beta of 1.35. The business’s 50 day moving average price is $51.68 and its 200-day moving average price is $49.39.

Alerian MLP ETF Increases Dividend

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

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.