Alerian MLP ETF (NYSEARCA:AMLP) Shares Purchased by Capital Advisors Ltd. LLC

Capital Advisors Ltd. LLC grew its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 8.8% in the first quarter, according to its most recent filing with the SEC. The fund owned 28,551 shares of the exchange traded fund’s stock after acquiring an additional 2,310 shares during the period. Capital Advisors Ltd. LLC’s holdings in Alerian MLP ETF were worth $1,483,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of AMLP. Brighton Jones LLC increased its position in Alerian MLP ETF by 19.4% during the fourth quarter. Brighton Jones LLC now owns 44,781 shares of the exchange traded fund’s stock worth $2,157,000 after buying an additional 7,280 shares during the last quarter. Strategic Financial Concepts LLC bought a new stake in shares of Alerian MLP ETF in the fourth quarter valued at about $27,000. Kestra Private Wealth Services LLC lifted its stake in shares of Alerian MLP ETF by 3.7% in the fourth quarter. Kestra Private Wealth Services LLC now owns 19,354 shares of the exchange traded fund’s stock valued at $932,000 after buying an additional 698 shares during the period. Savant Capital LLC raised its position in Alerian MLP ETF by 1.0% in the fourth quarter. Savant Capital LLC now owns 26,171 shares of the exchange traded fund’s stock worth $1,260,000 after purchasing an additional 255 shares in the last quarter. Finally, Focus Financial Network Inc. raised its position in Alerian MLP ETF by 10.7% in the fourth quarter. Focus Financial Network Inc. now owns 14,758 shares of the exchange traded fund’s stock worth $711,000 after purchasing an additional 1,425 shares in the last quarter.

Alerian MLP ETF Trading Up 0.5%

NYSEARCA AMLP opened at $48.93 on Thursday. The firm has a market cap of $10.41 billion, a price-to-earnings ratio of 12.85 and a beta of 0.66. The company has a 50 day moving average of $48.17 and a 200-day moving average of $49.76. Alerian MLP ETF has a 1-year low of $43.75 and a 1-year high of $53.24.

Alerian MLP ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 19th. Shareholders of record on Wednesday, May 14th were paid a $0.98 dividend. This is a boost from Alerian MLP ETF’s previous quarterly dividend of $0.95. This represents a $3.92 dividend on an annualized basis and a yield of 8.01%.

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.