TKG Advisors LLC Increases Stake in Alerian MLP ETF (NYSEARCA:AMLP)

TKG Advisors LLC lifted its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 6.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 84,955 shares of the exchange traded fund’s stock after purchasing an additional 5,404 shares during the period. Alerian MLP ETF comprises about 2.1% of TKG Advisors LLC’s investment portfolio, making the stock its 18th biggest position. TKG Advisors LLC’s holdings in Alerian MLP ETF were worth $4,426,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in AMLP. Strategic Financial Concepts LLC bought a new position in shares of Alerian MLP ETF during the fourth quarter valued at approximately $27,000. Ashton Thomas Securities LLC bought a new position in shares of Alerian MLP ETF during the third quarter valued at $28,000. City State Bank purchased a new stake in Alerian MLP ETF in the fourth quarter worth approximately $40,000. Advisors Asset Management Inc. purchased a new stake in shares of Alerian MLP ETF during the 3rd quarter valued at about $65,000. Finally, Rosenberg Matthew Hamilton lifted its stake in shares of Alerian MLP ETF by 803.5% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 1,545 shares of the exchange traded fund’s stock worth $73,000 after purchasing an additional 1,374 shares during the period.

Alerian MLP ETF Trading Up 1.6 %

AMLP opened at $52.39 on Wednesday. Alerian MLP ETF has a 12-month low of $44.21 and a 12-month high of $53.24. The company has a market cap of $9.42 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. The company’s 50 day moving average is $50.23 and its 200 day moving average is $48.44.

Alerian MLP ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, February 18th. Stockholders of record on Wednesday, February 12th were paid a dividend of $0.97 per share. 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.