Hurley Capital LLC Takes Position in Alerian MLP ETF (NYSEARCA:AMLP)

Hurley Capital LLC purchased a new stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) during the 4th quarter, Holdings Channel reports. The fund purchased 658 shares of the exchange traded fund’s stock, valued at approximately $32,000.

Several other hedge funds have also added to or reduced their stakes in the company. Proficio Capital Partners LLC boosted its stake in shares of Alerian MLP ETF by 3,928.2% in the 4th quarter. Proficio Capital Partners LLC now owns 16,224,276 shares of the exchange traded fund’s stock valued at $781,361,000 after purchasing an additional 15,821,509 shares during the last quarter. Wells Fargo & Company MN boosted its stake in Alerian MLP ETF by 19.4% in the fourth quarter. Wells Fargo & Company MN now owns 6,299,345 shares of the exchange traded fund’s stock valued at $303,376,000 after acquiring an additional 1,023,323 shares during the last quarter. LPL Financial LLC grew its holdings in Alerian MLP ETF by 16.7% during the 4th quarter. LPL Financial LLC now owns 2,801,023 shares of the exchange traded fund’s stock worth $134,897,000 after acquiring an additional 401,061 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Alerian MLP ETF during the 4th quarter valued at $104,132,000. Finally, Stephens Inc. AR lifted its stake in shares of Alerian MLP ETF by 9.7% in the 4th quarter. Stephens Inc. AR now owns 1,079,417 shares of the exchange traded fund’s stock valued at $51,985,000 after purchasing an additional 95,191 shares during the period.

Alerian MLP ETF Trading Down 7.1 %

NYSEARCA AMLP opened at $47.02 on Friday. Alerian MLP ETF has a 12 month low of $44.21 and a 12 month high of $53.24. The company has a market capitalization of $9.75 billion, a PE ratio of 14.02 and a beta of 0.99. The stock has a 50-day simple moving average of $51.56 and a 200 day simple moving average of $49.54.

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 issued a $0.97 dividend. This is a positive change from Alerian MLP ETF’s previous dividend of $0.94. The ex-dividend date of this dividend was Wednesday, February 12th.

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.