WMG Financial Advisors LLC Purchases 7,530 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

WMG Financial Advisors LLC boosted its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 88.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,055 shares of the exchange traded fund’s stock after purchasing an additional 7,530 shares during the period. WMG Financial Advisors LLC’s holdings in Alerian MLP ETF were worth $773,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in 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 valued at $1,566,000 after purchasing an additional 9,088 shares during the last quarter. 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 valued at $927,000 after purchasing an additional 16,560 shares during the last quarter. Advisors Asset Management Inc. bought a new position in Alerian MLP ETF during the 3rd quarter valued at about $65,000. Strategic Financial Concepts LLC bought a new position in Alerian MLP ETF during the 4th quarter valued at 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 valued at $2,142,000 after purchasing an additional 25,090 shares during the last quarter.

Alerian MLP ETF Stock Down 0.7 %

Shares of AMLP stock opened at $51.57 on Tuesday. Alerian MLP ETF has a 12-month low of $44.21 and a 12-month high of $53.24. The company has a market capitalization of $10.61 billion, a P/E ratio of 14.01 and a beta of 1.38. The firm has a 50-day moving average price of $50.86 and a 200 day moving average price of $48.81.

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 paid a $0.97 dividend. The ex-dividend date 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.