Endowment Wealth Management Inc. Increases Stock Holdings in Alerian MLP ETF (NYSEARCA:AMLP)

Endowment Wealth Management Inc. boosted its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 4.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,669 shares of the exchange traded fund’s stock after purchasing an additional 620 shares during the quarter. Endowment Wealth Management Inc.’s holdings in Alerian MLP ETF were worth $755,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Park Avenue Securities LLC grew its position in shares of Alerian MLP ETF by 38.8% in the 4th quarter. Park Avenue Securities LLC now owns 32,525 shares of the exchange traded fund’s stock worth $1,566,000 after acquiring an additional 9,088 shares in the last quarter. Advisors Asset Management Inc. acquired a new position in shares of Alerian MLP ETF in the 3rd quarter worth approximately $65,000. Strategic Financial Concepts LLC acquired a new position in shares of Alerian MLP ETF in the 4th quarter worth approximately $27,000. Benjamin Edwards Inc. grew its position in shares of Alerian MLP ETF by 123.2% in the 3rd quarter. Benjamin Edwards Inc. now owns 45,452 shares of the exchange traded fund’s stock worth $2,142,000 after acquiring an additional 25,090 shares in the last quarter. Finally, World Investment Advisors LLC grew its position in shares of Alerian MLP ETF by 0.6% in the 3rd quarter. World Investment Advisors LLC now owns 55,266 shares of the exchange traded fund’s stock worth $2,605,000 after acquiring an additional 340 shares in the last quarter.

Alerian MLP ETF Price Performance

NYSEARCA:AMLP opened at $50.50 on Tuesday. Alerian MLP ETF has a 12-month low of $44.21 and a 12-month high of $53.24. The firm has a market capitalization of $10.39 billion, a P/E ratio of 14.01 and a beta of 1.38. The business has a 50 day simple moving average of $51.07 and a 200 day simple moving average of $48.94.

Alerian MLP ETF Increases Dividend

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

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.