Sequoia Financial Advisors LLC Boosts Stock Position in Alerian MLP ETF (NYSEARCA:AMLP)

Sequoia Financial Advisors LLC raised its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 7.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,843 shares of the exchange traded fund’s stock after buying an additional 576 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Alerian MLP ETF were worth $378,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of AMLP. Strategic Financial Concepts LLC bought a new position in shares of Alerian MLP ETF during the 4th quarter worth approximately $27,000. City State Bank purchased a new position in Alerian MLP ETF in the fourth quarter worth $40,000. Advisors Asset Management Inc. acquired a new position in shares of Alerian MLP ETF during the third quarter worth $65,000. Geneos Wealth Management Inc. increased its position in shares of Alerian MLP ETF by 159.5% during the fourth 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 in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Alerian MLP ETF by 53.6% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,720 shares of the exchange traded fund’s stock valued at $83,000 after purchasing an additional 600 shares during the last quarter.

Alerian MLP ETF Price Performance

Shares of AMLP stock opened at $52.09 on Wednesday. The stock’s fifty day moving average price is $51.40 and its 200 day moving average price is $49.12. Alerian MLP ETF has a 1-year low of $44.21 and a 1-year high of $53.24. The company has a market cap of $10.73 billion, a price-to-earnings ratio of 13.99 and a beta of 1.35.

Alerian MLP ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, February 18th. Shareholders 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 an increase 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.