Washington Trust Advisors Inc. Increases Stake in Alerian MLP ETF (NYSEARCA:AMLP)

Washington Trust Advisors Inc. raised its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 56.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 6,148 shares of the exchange traded fund’s stock after acquiring an additional 2,225 shares during the period. Washington Trust Advisors Inc.’s holdings in Alerian MLP ETF were worth $296,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Capital Investment Advisory Services LLC grew its holdings in shares of Alerian MLP ETF by 2.8% in the fourth quarter. Capital Investment Advisory Services LLC now owns 8,024 shares of the exchange traded fund’s stock valued at $386,000 after purchasing an additional 222 shares in the last quarter. Mach 1 Financial Group LLC grew its holdings in shares of Alerian MLP ETF by 2.4% in the third quarter. Mach 1 Financial Group LLC now owns 10,487 shares of the exchange traded fund’s stock valued at $494,000 after purchasing an additional 244 shares in the last quarter. Auour Investments LLC grew its holdings in shares of Alerian MLP ETF by 1.4% in the fourth quarter. Auour Investments LLC now owns 17,948 shares of the exchange traded fund’s stock valued at $926,000 after purchasing an additional 249 shares in the last quarter. Savant Capital LLC boosted its stake in Alerian MLP ETF by 1.0% during the fourth quarter. Savant Capital LLC now owns 26,171 shares of the exchange traded fund’s stock worth $1,260,000 after buying an additional 255 shares during the period. Finally, Kathleen S. Wright Associates Inc. boosted its stake in Alerian MLP ETF by 17.1% during the fourth quarter. Kathleen S. Wright Associates Inc. now owns 1,810 shares of the exchange traded fund’s stock worth $87,000 after buying an additional 264 shares during the period.

Alerian MLP ETF Stock Down 0.7 %

NYSEARCA AMLP opened at $50.37 on Thursday. The company has a fifty day moving average of $50.93 and a two-hundred day moving average of $48.85. The firm has a market capitalization of $10.37 billion, a price-to-earnings ratio of 14.01 and a beta of 1.38. Alerian MLP ETF has a 52 week low of $44.21 and a 52 week high of $53.24.

Alerian MLP ETF Increases Dividend

The firm also recently announced 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 an increase 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.