Brown Brothers Harriman & Co. Has $324,000 Stock Position in Alerian MLP ETF (NYSEARCA:AMLP)

Brown Brothers Harriman & Co. boosted its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 299.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,737 shares of the exchange traded fund’s stock after acquiring an additional 5,050 shares during the period. Brown Brothers Harriman & Co.’s holdings in Alerian MLP ETF were worth $324,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AMLP. Strategic Financial Concepts LLC bought a new stake in shares of Alerian MLP ETF in the 4th quarter valued at $27,000. Mark Sheptoff Financial Planning LLC boosted its position in Alerian MLP ETF by 400.0% during the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 625 shares of the exchange traded fund’s stock valued at $30,000 after acquiring an additional 500 shares during the last quarter. 1620 Investment Advisors Inc. bought a new stake in Alerian MLP ETF during the fourth quarter valued at $38,000. City State Bank acquired a new stake in Alerian MLP ETF during the 4th quarter worth about $40,000. Finally, Flagship Wealth Advisors LLC bought a new position in shares of Alerian MLP ETF in the 4th quarter worth about $63,000.

Alerian MLP ETF Price Performance

Shares of Alerian MLP ETF stock opened at $51.94 on Tuesday. The stock’s 50-day moving average is $51.69 and its 200 day moving average is $49.47. Alerian MLP ETF has a one year low of $44.21 and a one year high of $53.24. The firm has a market cap of $10.70 billion, a price-to-earnings ratio of 13.99 and a beta of 1.35.

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 issued a dividend of $0.97 per share. This is a boost 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.