G&S Capital LLC Purchases 4,456 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

G&S Capital LLC raised its position in Alerian MLP ETF (NYSEARCA:AMLP) by 7.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 67,920 shares of the exchange traded fund’s stock after buying an additional 4,456 shares during the quarter. Alerian MLP ETF comprises about 1.4% of G&S Capital LLC’s portfolio, making the stock its 18th largest holding. G&S Capital LLC’s holdings in Alerian MLP ETF were worth $3,271,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Strategic Financial Concepts LLC bought a new stake in shares of Alerian MLP ETF during the 4th quarter worth $27,000. Ashton Thomas Securities LLC acquired a new position in Alerian MLP ETF during the third quarter worth about $28,000. City State Bank acquired a new position in Alerian MLP ETF during the fourth quarter worth about $40,000. ORG Wealth Partners LLC bought a new position in shares of Alerian MLP ETF in the third quarter worth about $41,000. Finally, Advisors Asset Management Inc. acquired a new stake in shares of Alerian MLP ETF in the 3rd quarter valued at approximately $65,000.

Alerian MLP ETF Price Performance

AMLP stock opened at $50.38 on Thursday. The stock has a market cap of $9.06 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. The company has a 50 day simple moving average of $50.06 and a 200 day simple moving average of $48.33. Alerian MLP ETF has a 1 year low of $43.29 and a 1 year high of $53.24.

Alerian MLP ETF Increases Dividend

The business also recently declared a dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Wednesday, February 12th will be issued a dividend of $0.97 per share. The ex-dividend date is Wednesday, February 12th. This is an increase 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.