Providence First Trust Co Boosts Stake in Alerian MLP ETF (NYSEARCA:AMLP)

Providence First Trust Co raised its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 6.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,971 shares of the exchange traded fund’s stock after buying an additional 2,300 shares during the period. Providence First Trust Co’s holdings in Alerian MLP ETF were worth $1,732,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Proficio Capital Partners LLC boosted its holdings in Alerian MLP ETF by 3,928.2% during 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 acquiring an additional 15,821,509 shares during the period. Hilton Capital Management LLC bought a new stake in shares of Alerian MLP ETF during the third quarter worth $31,562,000. EP Wealth Advisors LLC boosted its stake in shares of Alerian MLP ETF by 10,423.5% during 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 grew 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 worth $113,110,000 after purchasing an additional 275,254 shares during the last quarter. Finally, Crescent Grove Advisors LLC purchased a new position in Alerian MLP ETF in the 4th quarter worth about $12,868,000.

Alerian MLP ETF Price Performance

Shares of AMLP opened at $51.91 on Friday. The firm has a market capitalization of $10.68 billion, a price-to-earnings ratio of 14.01 and a beta of 1.38. Alerian MLP ETF has a 1-year low of $44.21 and a 1-year high of $53.24. The company has a 50-day moving average of $50.79 and a 200 day moving average of $48.72.

Alerian MLP ETF Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, February 18th. Investors 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 was Wednesday, February 12th.

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.