Texas Bank & Trust Co Purchases Shares of 4,190 Alerian MLP ETF (NYSEARCA:AMLP)

Texas Bank & Trust Co bought a new position in shares of Alerian MLP ETF (NYSEARCA:AMLP) in the fourth quarter, Holdings Channel reports. The firm bought 4,190 shares of the exchange traded fund’s stock, valued at approximately $202,000.

A number of other institutional investors have also modified their holdings of AMLP. Park Avenue Securities LLC grew its holdings in shares of Alerian MLP ETF by 38.8% during the 4th quarter. Park Avenue Securities LLC now owns 32,525 shares of the exchange traded fund’s stock worth $1,566,000 after purchasing an additional 9,088 shares during the period. Sax Wealth Advisors LLC grew its holdings in shares of Alerian MLP ETF by 15.4% during the 4th quarter. Sax Wealth Advisors LLC now owns 5,069 shares of the exchange traded fund’s stock worth $244,000 after purchasing an additional 676 shares during the period. J2 Capital Management Inc purchased a new stake in shares of Alerian MLP ETF during the 4th quarter worth about $682,000. Diversify Advisory Services LLC grew its holdings in shares of Alerian MLP ETF by 34.1% during the 4th quarter. Diversify Advisory Services LLC now owns 7,055 shares of the exchange traded fund’s stock worth $347,000 after purchasing an additional 1,793 shares during the period. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in shares of Alerian MLP ETF by 808.9% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 7,798 shares of the exchange traded fund’s stock worth $376,000 after purchasing an additional 6,940 shares during the period.

Alerian MLP ETF Stock Performance

Shares of NYSEARCA:AMLP opened at $49.14 on Monday. Alerian MLP ETF has a 1 year low of $43.75 and a 1 year high of $53.24. The stock has a market capitalization of $10.31 billion, a P/E ratio of 12.85 and a beta of 0.68. The stock has a 50-day simple moving average of $49.30 and a 200-day simple moving average of $49.73.

Alerian MLP ETF Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 19th. Stockholders of record on Wednesday, May 14th will be issued a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a dividend yield of 7.98%. This is a boost 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.