Good Life Advisors LLC Boosts Position in Alerian MLP ETF (NYSEARCA:AMLP)

Good Life Advisors LLC grew its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 5.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 9,972 shares of the exchange traded fund’s stock after purchasing an additional 524 shares during the period. Good Life Advisors LLC’s holdings in Alerian MLP ETF were worth $480,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Park Avenue Securities LLC grew its stake in shares of Alerian MLP ETF by 38.8% during the fourth quarter. Park Avenue Securities LLC now owns 32,525 shares of the exchange traded fund’s stock valued at $1,566,000 after acquiring an additional 9,088 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in Alerian MLP ETF by 532.8% in the third 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. acquired a new stake in Alerian MLP ETF during the 3rd quarter valued at approximately $65,000. Strategic Financial Concepts LLC purchased a new stake in Alerian MLP ETF during the 4th quarter worth approximately $27,000. Finally, Benjamin Edwards Inc. raised its position in shares of Alerian MLP ETF by 123.2% in 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 in the last quarter.

Alerian MLP ETF Trading Up 0.2 %

Alerian MLP ETF stock opened at $52.24 on Friday. Alerian MLP ETF has a 52 week low of $44.21 and a 52 week high of $53.24. The stock has a market cap of $9.40 billion, a P/E ratio of 13.08 and a beta of 0.48. The stock has a 50 day moving average of $50.35 and a 200-day moving average of $48.49.

Alerian MLP ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, February 18th. Shareholders of record on Wednesday, February 12th were paid a dividend of $0.97 per share. This is an increase from Alerian MLP ETF’s previous dividend of $0.94. The ex-dividend date of this dividend was Wednesday, February 12th.

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.