Jones Financial Companies Lllp Acquires 54,742 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

Jones Financial Companies Lllp raised its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 108.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 105,088 shares of the exchange traded fund’s stock after buying an additional 54,742 shares during the quarter. Jones Financial Companies Lllp’s holdings in Alerian MLP ETF were worth $5,061,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in AMLP. Strategic Financial Concepts LLC acquired a new stake in shares of Alerian MLP ETF in the 4th quarter worth about $27,000. Ashton Thomas Securities LLC bought a new stake in Alerian MLP ETF during the 3rd quarter worth approximately $28,000. City State Bank purchased a new stake in shares of Alerian MLP ETF in the fourth quarter worth approximately $40,000. Advisors Asset Management Inc. bought a new position in shares of Alerian MLP ETF in the third quarter valued at approximately $65,000. Finally, Geneos Wealth Management Inc. boosted its position in shares of Alerian MLP ETF by 159.5% during 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 during the last quarter.

Alerian MLP ETF Trading Down 1.7 %

NYSEARCA AMLP opened at $50.70 on Wednesday. The business has a fifty day simple moving average of $50.90 and a 200 day simple moving average of $48.84. Alerian MLP ETF has a 12 month low of $44.21 and a 12 month high of $53.24. The firm has a market capitalization of $10.43 billion, a P/E ratio of 14.01 and a beta of 1.38.

Alerian MLP ETF Increases Dividend

The company also recently announced 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 of this dividend was Wednesday, February 12th. This is an increase from Alerian MLP ETF’s previous dividend of $0.94.

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.