Gutierrez Wealth Advisory LLC Purchases Shares of 7,070 Alerian MLP ETF (NYSEARCA:AMLP)

Gutierrez Wealth Advisory LLC acquired a new position in Alerian MLP ETF (NYSEARCA:AMLP) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 7,070 shares of the exchange traded fund’s stock, valued at approximately $340,000.

Several other hedge funds have also modified their holdings of the company. Strategic Financial Concepts LLC bought a new position in shares of Alerian MLP ETF in the 4th quarter valued at about $27,000. City State Bank purchased a new stake in Alerian MLP ETF during the fourth quarter valued at approximately $40,000. Flagship Wealth Advisors LLC bought a new stake in shares of Alerian MLP ETF in the 4th quarter valued at approximately $63,000. Advisors Asset Management Inc. bought a new stake in shares of Alerian MLP ETF in the 3rd quarter valued at approximately $65,000. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of Alerian MLP ETF by 159.5% in the 4th quarter. Geneos Wealth Management Inc. now owns 1,570 shares of the exchange traded fund’s stock worth $76,000 after purchasing an additional 965 shares during the period.

Alerian MLP ETF Stock Performance

NYSEARCA:AMLP opened at $52.23 on Friday. The firm has a market capitalization of $10.76 billion, a PE ratio of 13.99 and a beta of 1.35. The stock’s fifty day moving average is $51.51 and its 200 day moving average is $49.17. Alerian MLP ETF has a fifty-two week low of $44.21 and a fifty-two week high of $53.24.

Alerian MLP ETF Increases Dividend

The company also recently announced a dividend, which was paid on Tuesday, February 18th. Stockholders of record on Wednesday, February 12th were paid a $0.97 dividend. 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.