Ergawealth Advisors Inc. Makes New $386,000 Investment in Alerian MLP ETF (NYSEARCA:AMLP)

Ergawealth Advisors Inc. bought a new position in Alerian MLP ETF (NYSEARCA:AMLP) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 8,009 shares of the exchange traded fund’s stock, valued at approximately $386,000.

Several other institutional investors and hedge funds have also bought and sold shares of AMLP. Arkadios Wealth Advisors lifted its stake in Alerian MLP ETF by 66.5% in the 3rd quarter. Arkadios Wealth Advisors now owns 7,341 shares of the exchange traded fund’s stock worth $346,000 after purchasing an additional 2,933 shares in the last quarter. Pinnacle Associates Ltd. increased its holdings in shares of Alerian MLP ETF by 27.2% in the 3rd quarter. Pinnacle Associates Ltd. now owns 6,977 shares of the exchange traded fund’s stock worth $329,000 after buying an additional 1,490 shares during the last quarter. Fiducient Advisors LLC increased its holdings in shares of Alerian MLP ETF by 76.5% in the 3rd quarter. Fiducient Advisors LLC now owns 17,677 shares of the exchange traded fund’s stock worth $833,000 after buying an additional 7,664 shares during the last quarter. Rosenberg Matthew Hamilton increased its holdings in shares of Alerian MLP ETF by 803.5% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 1,545 shares of the exchange traded fund’s stock worth $73,000 after buying an additional 1,374 shares during the last quarter. Finally, United Asset Strategies Inc. bought a new position in shares of Alerian MLP ETF in the 3rd quarter worth $321,000.

Alerian MLP ETF Price Performance

Shares of NYSEARCA:AMLP opened at $51.29 on Friday. The company’s fifty day moving average price is $50.70 and its 200-day moving average price is $48.67. The firm has a market capitalization of $10.56 billion, a price-to-earnings ratio of 14.01 and a beta of 1.38. Alerian MLP ETF has a one year low of $44.21 and a one year high of $53.24.

Alerian MLP ETF Increases Dividend

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

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.