Alerian MLP ETF (NYSEARCA:AMLP) Shares Purchased by Douglass Winthrop Advisors LLC

Douglass Winthrop Advisors LLC boosted its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 41.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,000 shares of the exchange traded fund’s stock after purchasing an additional 2,945 shares during the period. Douglass Winthrop Advisors LLC’s holdings in Alerian MLP ETF were worth $482,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Strategic Financial Concepts LLC acquired a new stake in shares of Alerian MLP ETF during the 4th quarter worth approximately $27,000. City State Bank purchased a new stake in Alerian MLP ETF during the fourth quarter worth $40,000. Flagship Wealth Advisors LLC acquired a new stake in Alerian MLP ETF during the fourth quarter valued at $63,000. Advisors Asset Management Inc. purchased a new position in Alerian MLP ETF in the third quarter valued at $65,000. Finally, Geneos Wealth Management Inc. increased its holdings in 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 valued at $76,000 after buying an additional 965 shares in the last quarter.

Alerian MLP ETF Stock Down 1.2 %

AMLP stock opened at $51.60 on Friday. Alerian MLP ETF has a 52-week low of $44.21 and a 52-week high of $53.24. The firm has a market cap of $10.63 billion, a P/E ratio of 13.99 and a beta of 1.35. The company’s 50-day simple moving average is $51.56 and its 200-day simple moving average is $49.20.

Alerian MLP ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, February 18th. Shareholders 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.