Lake Street Advisors Group LLC Raises Stock Holdings in Alerian MLP ETF (NYSEARCA:AMLP)

Lake Street Advisors Group LLC grew its position in Alerian MLP ETF (NYSEARCA:AMLP) by 3.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 12,400 shares of the exchange traded fund’s stock after acquiring an additional 400 shares during the quarter. Lake Street Advisors Group LLC’s holdings in Alerian MLP ETF were worth $597,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Hilton Capital Management LLC purchased a new stake in Alerian MLP ETF in the 3rd quarter valued at $31,562,000. EP Wealth Advisors LLC increased its stake in Alerian MLP ETF by 10,423.5% in the third quarter. EP Wealth Advisors LLC now owns 511,442 shares of the exchange traded fund’s stock valued at $24,104,000 after purchasing an additional 506,582 shares during the period. LPL Financial LLC raised its holdings in shares of Alerian MLP ETF by 13.0% in the third quarter. LPL Financial LLC now owns 2,399,962 shares of the exchange traded fund’s stock valued at $113,110,000 after buying an additional 275,254 shares during the last quarter. Crescent Grove Advisors LLC acquired a new stake in shares of Alerian MLP ETF during the fourth quarter worth about $12,868,000. Finally, Fiduciary Family Office LLC purchased a new position in shares of Alerian MLP ETF during the fourth quarter worth about $11,851,000.

Alerian MLP ETF Stock Down 0.2 %

Shares of AMLP stock opened at $51.29 on Friday. The stock’s 50-day moving average price is $50.70 and its 200 day moving average price is $48.67. The stock has a market capitalization of $10.56 billion, a PE 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 business also recently announced a dividend, which was paid on Tuesday, February 18th. Stockholders of record on Wednesday, February 12th were issued a $0.97 dividend. 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.