J. L. Bainbridge & Co. Inc. Buys 445 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

J. L. Bainbridge & Co. Inc. grew its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 9.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,103 shares of the exchange traded fund’s stock after purchasing an additional 445 shares during the quarter. J. L. Bainbridge & Co. Inc.’s holdings in Alerian MLP ETF were worth $246,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AMLP. Ashton Thomas Securities LLC acquired a new position in Alerian MLP ETF in the third quarter valued at approximately $28,000. Harbour Investments Inc. lifted its position in shares of Alerian MLP ETF by 9.9% during the 3rd quarter. Harbour Investments Inc. now owns 14,007 shares of the exchange traded fund’s stock valued at $660,000 after acquiring an additional 1,259 shares during the period. Oppenheimer & Co. Inc. boosted its stake in Alerian MLP ETF by 2.0% during the third quarter. Oppenheimer & Co. Inc. now owns 82,108 shares of the exchange traded fund’s stock worth $3,870,000 after acquiring an additional 1,587 shares in the last quarter. Huntington National Bank boosted its stake in Alerian MLP ETF by 8.1% during the third quarter. Huntington National Bank now owns 6,596 shares of the exchange traded fund’s stock worth $311,000 after acquiring an additional 492 shares in the last quarter. Finally, OneDigital Investment Advisors LLC grew its holdings in Alerian MLP ETF by 36.2% in the third quarter. OneDigital Investment Advisors LLC now owns 17,986 shares of the exchange traded fund’s stock worth $848,000 after purchasing an additional 4,780 shares during the period.

Alerian MLP ETF Trading Up 2.1 %

AMLP opened at $51.49 on Friday. The company has a market cap of $10.60 billion, a P/E ratio of 14.01 and a beta of 1.38. The company has a fifty day moving average price of $51.26 and a two-hundred day moving average price of $49.02. 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 company also recently announced a dividend, which was paid on Tuesday, February 18th. Investors of record on Wednesday, February 12th were given a $0.97 dividend. This is a positive change 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.