J.W. Cole Advisors Inc. Buys 4,472 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

J.W. Cole Advisors Inc. grew its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 10.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,081 shares of the exchange traded fund’s stock after purchasing an additional 4,472 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Alerian MLP ETF were worth $2,219,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of AMLP. Strategic Financial Concepts LLC bought a new stake in Alerian MLP ETF during the fourth quarter worth $27,000. Allworth Financial LP boosted its position in Alerian MLP ETF by 110.5% during the fourth quarter. Allworth Financial LP now owns 226,537 shares of the exchange traded fund’s stock worth $11,769,000 after purchasing an additional 118,900 shares during the period. Principal Securities Inc. increased its stake in shares of Alerian MLP ETF by 234.3% in the fourth quarter. Principal Securities Inc. now owns 7,375 shares of the exchange traded fund’s stock worth $355,000 after purchasing an additional 5,169 shares in the last quarter. Roxbury Financial LLC bought a new stake in shares of Alerian MLP ETF in the fourth quarter valued at approximately $192,000. Finally, Covenant Asset Management LLC lifted its stake in shares of Alerian MLP ETF by 121.6% during the 4th quarter. Covenant Asset Management LLC now owns 34,636 shares of the exchange traded fund’s stock valued at $1,668,000 after buying an additional 19,009 shares in the last quarter.

Alerian MLP ETF Price Performance

Alerian MLP ETF stock opened at $51.57 on Monday. The firm has a market capitalization of $9.28 billion, a P/E ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a one year low of $43.59 and a one year high of $53.24. The business has a fifty day moving average price of $50.11 and a 200-day moving average price of $48.37.

Alerian MLP ETF Increases Dividend

The business also recently announced a dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Wednesday, February 12th will be issued a dividend of $0.97 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This is a positive change from Alerian MLP ETF’s previous dividend of $0.94.

Alerian MLP ETF 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.