Maridea Wealth Management LLC Makes New $629,000 Investment in Alerian MLP ETF (NYSEARCA:AMLP)

Maridea Wealth Management LLC bought a new stake in Alerian MLP ETF (NYSEARCA:AMLP) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 13,051 shares of the exchange traded fund’s stock, valued at approximately $629,000.

Other institutional investors have also recently made changes to their positions in the company. Strategic Financial Concepts LLC purchased a new position in Alerian MLP ETF in the 4th quarter valued at $27,000. Mark Sheptoff Financial Planning LLC lifted its stake in shares of Alerian MLP ETF by 400.0% in the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 625 shares of the exchange traded fund’s stock worth $30,000 after buying an additional 500 shares in the last quarter. 1620 Investment Advisors Inc. acquired a new position in Alerian MLP ETF during the fourth quarter worth about $38,000. City State Bank purchased a new stake in Alerian MLP ETF during the 4th quarter valued at about $40,000. Finally, Flagship Wealth Advisors LLC acquired a new stake in Alerian MLP ETF in the 4th quarter valued at about $63,000.

Alerian MLP ETF Price Performance

AMLP opened at $52.07 on Friday. The company’s 50 day simple moving average is $51.68 and its two-hundred day simple moving average is $49.39. The firm has a market capitalization of $10.73 billion, a price-to-earnings ratio of 13.99 and a beta of 1.35. 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 disclosed a dividend, which was paid on Tuesday, February 18th. Shareholders of record on Wednesday, February 12th were paid a dividend of $0.97 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This is a positive change 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.