Avantax Advisory Services Inc. Raises Holdings in Alerian MLP ETF (NYSEARCA:AMLP)

Avantax Advisory Services Inc. lifted its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 30.5% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 48,907 shares of the exchange traded fund’s stock after acquiring an additional 11,443 shares during the period. Avantax Advisory Services Inc.’s holdings in Alerian MLP ETF were worth $2,355,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of AMLP. Strategic Financial Concepts LLC purchased a new stake in shares of Alerian MLP ETF during the fourth quarter worth about $27,000. City State Bank purchased a new stake in shares of Alerian MLP ETF during the fourth quarter worth about $40,000. Advisors Asset Management Inc. purchased a new stake in shares of Alerian MLP ETF during the third quarter worth about $65,000. Geneos Wealth Management Inc. grew its stake in shares of Alerian MLP ETF by 159.5% during the fourth quarter. Geneos Wealth Management Inc. now owns 1,570 shares of the exchange traded fund’s stock worth $76,000 after acquiring an additional 965 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Alerian MLP ETF by 53.6% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,720 shares of the exchange traded fund’s stock worth $83,000 after purchasing an additional 600 shares during the period.

Alerian MLP ETF Stock Up 2.1 %

Alerian MLP ETF stock opened at $51.49 on Monday. Alerian MLP ETF has a 52 week low of $44.21 and a 52 week high of $53.24. The company has a market capitalization of $10.61 billion, a price-to-earnings ratio of 13.99 and a beta of 1.35. The stock has a 50-day moving average price of $51.26 and a 200 day moving average price of $49.06.

Alerian MLP ETF Increases Dividend

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

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.