1620 Investment Advisors Inc. Makes New $38,000 Investment in Alerian MLP ETF (NYSEARCA:AMLP)

1620 Investment Advisors Inc. bought a new position in shares of Alerian MLP ETF (NYSEARCA:AMLP) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 791 shares of the exchange traded fund’s stock, valued at approximately $38,000.

Several other institutional investors have also recently made changes to their positions in AMLP. Strategic Financial Concepts LLC purchased a new stake in shares of Alerian MLP ETF during the fourth quarter worth $27,000. City State Bank bought a new position in shares of Alerian MLP ETF in the fourth quarter worth $40,000. Flagship Wealth Advisors LLC bought a new position in shares of Alerian MLP ETF in the fourth quarter worth $63,000. Advisors Asset Management Inc. bought a new position in shares of Alerian MLP ETF in the third quarter worth $65,000. Finally, Geneos Wealth Management Inc. increased its holdings in shares of Alerian MLP ETF by 159.5% in the fourth quarter. Geneos Wealth Management Inc. now owns 1,570 shares of the exchange traded fund’s stock worth $76,000 after purchasing an additional 965 shares during the period.

Alerian MLP ETF Stock Performance

Alerian MLP ETF stock opened at $51.60 on Friday. The stock has a market cap of $10.63 billion, a P/E ratio of 13.99 and a beta of 1.35. Alerian MLP ETF has a fifty-two week low of $44.21 and a fifty-two week high of $53.24. The firm’s fifty day moving average price is $51.56 and its 200-day moving average price is $49.20.

Alerian MLP ETF Increases Dividend

The company 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. The ex-dividend date was Wednesday, February 12th. This is a boost 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.