Steward Partners Investment Advisory LLC Acquires 14,260 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

Steward Partners Investment Advisory LLC increased its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 13.7% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 118,675 shares of the exchange traded fund’s stock after buying an additional 14,260 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Alerian MLP ETF were worth $5,715,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Strategic Financial Concepts LLC purchased a new position in Alerian MLP ETF in the fourth quarter valued at about $27,000. Ashton Thomas Securities LLC bought a new stake in shares of Alerian MLP ETF in the 3rd quarter worth approximately $28,000. City State Bank purchased a new position in Alerian MLP ETF in the fourth quarter valued at approximately $40,000. Advisors Asset Management Inc. bought a new position in Alerian MLP ETF during the third quarter valued at $65,000. Finally, Geneos Wealth Management Inc. grew its holdings in Alerian MLP ETF by 159.5% during the fourth quarter. Geneos Wealth Management Inc. now owns 1,570 shares of the exchange traded fund’s stock valued at $76,000 after purchasing an additional 965 shares during the period.

Alerian MLP ETF Price Performance

Shares of AMLP opened at $50.37 on Thursday. Alerian MLP ETF has a 1 year low of $44.21 and a 1 year high of $53.24. The stock’s fifty day moving average price is $50.93 and its two-hundred day moving average price is $48.85. The firm has a market cap of $10.37 billion, a PE ratio of 14.01 and a beta of 1.38.

Alerian MLP ETF Increases Dividend

The firm also recently disclosed 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 was 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.