Total Wealth Planning & Management Inc. Increases Holdings in Alerian MLP ETF (NYSEARCA:AMLP)

Total Wealth Planning & Management Inc. boosted its position in Alerian MLP ETF (NYSEARCA:AMLP) by 4.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,156 shares of the exchange traded fund’s stock after buying an additional 925 shares during the period. Alerian MLP ETF makes up approximately 1.0% of Total Wealth Planning & Management Inc.’s investment portfolio, making the stock its 19th largest holding. Total Wealth Planning & Management Inc.’s holdings in Alerian MLP ETF were worth $1,099,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC grew its position in Alerian MLP ETF by 19.4% during the 4th quarter. Brighton Jones LLC now owns 44,781 shares of the exchange traded fund’s stock worth $2,157,000 after purchasing an additional 7,280 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in Alerian MLP ETF during the fourth quarter worth about $1,055,000. Lake Street Advisors Group LLC grew its holdings in Alerian MLP ETF by 3.3% during the fourth quarter. Lake Street Advisors Group LLC now owns 12,400 shares of the exchange traded fund’s stock worth $597,000 after acquiring an additional 400 shares during the period. Nwam LLC raised its position in Alerian MLP ETF by 0.4% during the fourth quarter. Nwam LLC now owns 164,665 shares of the exchange traded fund’s stock valued at $7,930,000 after acquiring an additional 679 shares in the last quarter. Finally, Kovack Advisors Inc. lifted its holdings in Alerian MLP ETF by 41.6% in the fourth quarter. Kovack Advisors Inc. now owns 14,391 shares of the exchange traded fund’s stock valued at $693,000 after acquiring an additional 4,228 shares during the period.

Alerian MLP ETF Trading Up 1.6%

Alerian MLP ETF stock opened at $48.82 on Friday. The firm has a market cap of $10.44 billion, a PE ratio of 14.17 and a beta of 1.42. Alerian MLP ETF has a 12 month low of $43.75 and a 12 month high of $53.24. The stock’s 50 day simple moving average is $48.57 and its two-hundred day simple moving average is $49.65.

Alerian MLP ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, May 19th. Investors of record on Wednesday, May 14th were paid a $0.98 dividend. This is a boost from Alerian MLP ETF’s previous quarterly dividend of $0.95. This represents a $3.92 annualized dividend and a dividend yield of 8.03%.

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.