Alerian MLP ETF (NYSEARCA:AMLP) Stake Increased by Horizon Kinetics Asset Management LLC

Horizon Kinetics Asset Management LLC increased its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 5.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 61,057 shares of the exchange traded fund’s stock after acquiring an additional 3,330 shares during the quarter. Horizon Kinetics Asset Management LLC’s holdings in Alerian MLP ETF were worth $2,941,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Huntington National Bank boosted its holdings in Alerian MLP ETF by 8.1% in the third quarter. Huntington National Bank now owns 6,596 shares of the exchange traded fund’s stock worth $311,000 after purchasing an additional 492 shares during the period. OneDigital Investment Advisors LLC boosted its holdings in Alerian MLP ETF by 36.2% in the third quarter. OneDigital Investment Advisors LLC now owns 17,986 shares of the exchange traded fund’s stock worth $848,000 after purchasing an additional 4,780 shares during the period. GoalVest Advisory LLC boosted its holdings in Alerian MLP ETF by 8.5% in the third quarter. GoalVest Advisory LLC now owns 24,443 shares of the exchange traded fund’s stock worth $1,152,000 after purchasing an additional 1,907 shares during the period. Thrivent Financial for Lutherans boosted its holdings in shares of Alerian MLP ETF by 2.2% during the third quarter. Thrivent Financial for Lutherans now owns 27,448 shares of the exchange traded fund’s stock valued at $1,294,000 after acquiring an additional 592 shares during the period. Finally, Fortis Advisors LLC grew its position in shares of Alerian MLP ETF by 2.1% during the third quarter. Fortis Advisors LLC now owns 35,844 shares of the exchange traded fund’s stock worth $1,689,000 after acquiring an additional 744 shares during the last quarter.

Alerian MLP ETF Stock Performance

Alerian MLP ETF stock opened at $51.49 on Monday. The company has a 50-day simple moving average of $51.26 and a 200-day simple moving average of $49.06. The firm has a market capitalization of $10.61 billion, a P/E ratio of 13.99 and a beta of 1.35. Alerian MLP ETF has a one year low of $44.21 and a one year high of $53.24.

Alerian MLP ETF Increases Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Wednesday, February 12th. This is a positive change from Alerian MLP ETF’s previous dividend of $0.94.

Alerian MLP ETF Company 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.