54,319 Shares in Alerian MLP ETF (NYSEARCA:AMLP) Bought by SAM Advisors LLC

SAM Advisors LLC acquired a new position in shares of Alerian MLP ETF (NYSEARCA:AMLP) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 54,319 shares of the exchange traded fund’s stock, valued at approximately $2,614,000. Alerian MLP ETF comprises about 0.9% of SAM Advisors LLC’s holdings, making the stock its 19th biggest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Park Avenue Securities LLC lifted its holdings in Alerian MLP ETF by 38.8% during the 4th quarter. Park Avenue Securities LLC now owns 32,525 shares of the exchange traded fund’s stock worth $1,566,000 after buying an additional 9,088 shares during the period. Farther Finance Advisors LLC lifted its holdings in Alerian MLP ETF by 532.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 19,668 shares of the exchange traded fund’s stock worth $927,000 after buying an additional 16,560 shares during the period. Advisors Asset Management Inc. acquired a new position in Alerian MLP ETF during the 3rd quarter worth about $65,000. Strategic Financial Concepts LLC acquired a new position in Alerian MLP ETF during the 4th quarter worth about $27,000. Finally, Benjamin Edwards Inc. lifted its holdings in Alerian MLP ETF by 123.2% during the 3rd quarter. Benjamin Edwards Inc. now owns 45,452 shares of the exchange traded fund’s stock worth $2,142,000 after buying an additional 25,090 shares during the period.

Alerian MLP ETF Trading Down 1.0 %

Shares of AMLP opened at $51.71 on Friday. The company has a market capitalization of $9.30 billion, a PE ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a 12 month low of $44.21 and a 12 month high of $53.24. The stock’s 50-day moving average price is $50.40 and its two-hundred day moving average price is $48.53.

Alerian MLP ETF Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, February 18th. Shareholders of record on Wednesday, February 12th were issued 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.

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.