Allen Wealth Management LLC Acquires 1,164 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

Allen Wealth Management LLC lifted its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 0.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 324,775 shares of the exchange traded fund’s stock after buying an additional 1,164 shares during the period. Alerian MLP ETF comprises about 11.2% of Allen Wealth Management LLC’s portfolio, making the stock its 3rd biggest holding. Allen Wealth Management LLC owned about 0.18% of Alerian MLP ETF worth $15,641,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of AMLP. Proficio Capital Partners LLC grew its position in 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 acquiring an additional 15,821,509 shares during the last quarter. LPL Financial LLC grew its holdings in shares of 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 valued at $134,897,000 after purchasing an additional 401,061 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Alerian MLP ETF during the 4th quarter valued at approximately $104,132,000. Stephens Inc. AR increased its position in Alerian MLP ETF by 9.7% during the 4th quarter. Stephens Inc. AR now owns 1,079,417 shares of the exchange traded fund’s stock worth $51,985,000 after purchasing an additional 95,191 shares in the last quarter. Finally, Naviter Wealth LLC lifted its stake in Alerian MLP ETF by 22.3% in the 4th quarter. Naviter Wealth LLC now owns 1,072,407 shares of the exchange traded fund’s stock valued at $51,647,000 after purchasing an additional 195,327 shares during the last quarter.

Alerian MLP ETF Stock Performance

NYSEARCA AMLP opened at $52.57 on Thursday. The firm’s fifty day moving average price is $51.69 and its two-hundred day moving average price is $49.52. Alerian MLP ETF has a fifty-two week low of $44.21 and a fifty-two week high of $53.24. The stock has a market cap of $10.90 billion, a PE ratio of 14.02 and a beta of 0.99.

Alerian MLP ETF Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, February 18th. Investors of record on Wednesday, February 12th were given a dividend of $0.97 per share. The ex-dividend date of this dividend 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.