Flagship Wealth Advisors LLC Invests $63,000 in Alerian MLP ETF (NYSEARCA:AMLP)

Flagship Wealth Advisors LLC bought a new position in Alerian MLP ETF (NYSEARCA:AMLP) during the fourth quarter, Holdings Channel reports. The fund bought 1,300 shares of the exchange traded fund’s stock, valued at approximately $63,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Strategic Financial Concepts LLC purchased a new stake in shares of Alerian MLP ETF in the 4th quarter worth about $27,000. City State Bank purchased a new stake in Alerian MLP ETF during the 4th quarter valued at about $40,000. Advisors Asset Management Inc. purchased a new stake in Alerian MLP ETF during the 3rd quarter valued at about $65,000. Geneos Wealth Management Inc. grew its position in Alerian MLP ETF by 159.5% during the 4th quarter. Geneos Wealth Management Inc. now owns 1,570 shares of the exchange traded fund’s stock valued at $76,000 after purchasing an additional 965 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in Alerian MLP ETF by 53.6% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,720 shares of the exchange traded fund’s stock valued at $83,000 after purchasing an additional 600 shares during the last quarter.

Alerian MLP ETF Stock Performance

Shares of AMLP stock opened at $52.22 on Tuesday. Alerian MLP ETF has a one year low of $44.21 and a one year high of $53.24. The company’s 50-day moving average is $51.33 and its 200 day moving average is $49.09. The company has a market capitalization of $10.76 billion, a price-to-earnings ratio of 13.99 and a beta of 1.35.

Alerian MLP ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, February 18th. Investors of record on Wednesday, February 12th were given 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 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.