C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Purchases 39,759 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its position in Alerian MLP ETF (NYSEARCA:AMLP) by 398.2% during the fourth quarter, HoldingsChannel reports. The fund owned 49,743 shares of the exchange traded fund’s stock after buying an additional 39,759 shares during the quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ holdings in Alerian MLP ETF were worth $2,396,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AMLP. Raymond James & Associates raised its stake in Alerian MLP ETF by 2.4% in the 3rd quarter. Raymond James & Associates now owns 1,061,519 shares of the exchange traded fund’s stock valued at $50,029,000 after acquiring an additional 24,674 shares during the period. Commonwealth Equity Services LLC raised its stake in Alerian MLP ETF by 3.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 685,962 shares of the exchange traded fund’s stock valued at $32,329,000 after acquiring an additional 20,243 shares during the period. Venture Visionary Partners LLC grew its holdings in Alerian MLP ETF by 7.3% during the 3rd quarter. Venture Visionary Partners LLC now owns 11,158 shares of the exchange traded fund’s stock valued at $526,000 after buying an additional 756 shares in the last quarter. Fortis Group Advisors LLC grew its holdings in Alerian MLP ETF by 5.0% during the 3rd quarter. Fortis Group Advisors LLC now owns 114,638 shares of the exchange traded fund’s stock valued at $5,403,000 after buying an additional 5,468 shares in the last quarter. Finally, Private Advisor Group LLC grew its holdings in Alerian MLP ETF by 10.2% during the 3rd quarter. Private Advisor Group LLC now owns 209,166 shares of the exchange traded fund’s stock valued at $9,858,000 after buying an additional 19,380 shares in the last quarter.

Alerian MLP ETF Stock Up 1.6 %

AMLP stock opened at $52.39 on Wednesday. The firm has a market capitalization of $9.42 billion, a PE ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a twelve month low of $44.21 and a twelve month high of $53.24. The stock has a 50-day simple moving average of $50.23 and a two-hundred day simple moving average of $48.44.

Alerian MLP ETF Increases Dividend

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

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.