Concurrent Investment Advisors LLC Boosts Stake in Alerian MLP ETF (NYSEARCA:AMLP)

Concurrent Investment Advisors LLC grew its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 22.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 13,020 shares of the exchange traded fund’s stock after purchasing an additional 2,402 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Alerian MLP ETF were worth $627,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. LPL Financial LLC lifted its holdings in shares of Alerian MLP ETF by 13.0% during the 3rd quarter. LPL Financial LLC now owns 2,399,962 shares of the exchange traded fund’s stock valued at $113,110,000 after purchasing an additional 275,254 shares during the last quarter. Stephens Inc. AR grew 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 during the period. HighTower Advisors LLC grew its position in shares of Alerian MLP ETF by 10.7% during the 3rd quarter. HighTower Advisors LLC now owns 872,018 shares of the exchange traded fund’s stock valued at $41,091,000 after acquiring an additional 83,961 shares during the period. Hilton Capital Management LLC acquired a new stake in shares of Alerian MLP ETF during the 3rd quarter valued at about $31,562,000. Finally, EP Wealth Advisors LLC lifted its stake in Alerian MLP ETF by 10,423.5% in the 3rd quarter. EP Wealth Advisors LLC now owns 511,442 shares of the exchange traded fund’s stock valued at $24,104,000 after buying an additional 506,582 shares in the last quarter.

Alerian MLP ETF Price Performance

AMLP opened at $51.71 on Monday. The company’s 50 day simple moving average is $50.40 and its two-hundred day simple moving average is $48.56. The firm has a market capitalization of $9.30 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a 1-year low of $44.21 and a 1-year high of $53.24.

Alerian MLP ETF Increases Dividend

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

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.