Alerian MLP ETF (NYSEARCA:AMLP) Shares Purchased by Focus Partners Wealth

Focus Partners Wealth increased its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 157.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 96,270 shares of the exchange traded fund’s stock after acquiring an additional 58,906 shares during the period. Focus Partners Wealth’s holdings in Alerian MLP ETF were worth $4,636,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Mark Sheptoff Financial Planning LLC raised its position in Alerian MLP ETF by 400.0% in the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 625 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 500 shares in the last quarter. Hurley Capital LLC acquired a new stake in Alerian MLP ETF in the 4th quarter valued at about $32,000. 1620 Investment Advisors Inc. acquired a new stake in Alerian MLP ETF in the 4th quarter valued at about $38,000. Capital Analysts LLC raised its position in Alerian MLP ETF by 102.8% in the 4th quarter. Capital Analysts LLC now owns 955 shares of the exchange traded fund’s stock valued at $46,000 after purchasing an additional 484 shares in the last quarter. Finally, Flagship Wealth Advisors LLC acquired a new stake in Alerian MLP ETF in the 4th quarter valued at about $63,000.

Alerian MLP ETF Price Performance

AMLP stock opened at $48.88 on Thursday. The firm has a market capitalization of $10.26 billion, a P/E ratio of 12.85 and a beta of 0.68. The business’s 50-day moving average is $49.35 and its two-hundred day moving average is $49.65. 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 business also recently declared a quarterly dividend, which will be paid on Monday, May 19th. Shareholders of record on Wednesday, May 14th will be given a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a yield of 8.02%. This is a positive change from Alerian MLP ETF’s previous quarterly dividend of $0.95.

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.