Baird Financial Group Inc. Has $717,000 Stock Holdings in Alerian MLP ETF (NYSEARCA:AMLP)

Baird Financial Group Inc. lifted its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 164.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,891 shares of the exchange traded fund’s stock after acquiring an additional 9,255 shares during the quarter. Baird Financial Group Inc.’s holdings in Alerian MLP ETF were worth $717,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Mark Sheptoff Financial Planning LLC increased its stake in shares of Alerian MLP ETF by 400.0% in the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 625 shares of the exchange traded fund’s stock worth $30,000 after acquiring an additional 500 shares during the last quarter. Hurley Capital LLC acquired a new position in Alerian MLP ETF during the fourth quarter worth $32,000. 1620 Investment Advisors Inc. acquired a new position in Alerian MLP ETF during the fourth quarter worth $38,000. Capital Analysts LLC increased its position in Alerian MLP ETF by 102.8% during the fourth quarter. Capital Analysts LLC now owns 955 shares of the exchange traded fund’s stock worth $46,000 after buying an additional 484 shares during the last quarter. Finally, Flagship Wealth Advisors LLC acquired a new position in Alerian MLP ETF during the fourth quarter worth $63,000.

Alerian MLP ETF Price Performance

Alerian MLP ETF stock opened at $48.88 on Thursday. The company has a market capitalization of $10.26 billion, a price-to-earnings ratio of 12.85 and a beta of 0.68. Alerian MLP ETF has a one year low of $43.75 and a one year high of $53.24. The company’s fifty day moving average price is $49.35 and its two-hundred day moving average price is $49.65.

Alerian MLP ETF Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 19th. Shareholders of record on Wednesday, May 14th will be given a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a yield of 8.02%. This is an increase from Alerian MLP ETF’s previous quarterly dividend of $0.95.

About Alerian MLP ETF

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.