L.K. Benson & Company P.C. Purchases Shares of 8,007 Alerian MLP ETF (NYSEARCA:AMLP)

L.K. Benson & Company P.C. acquired a new position in shares of Alerian MLP ETF (NYSEARCA:AMLP) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 8,007 shares of the exchange traded fund’s stock, valued at approximately $386,000.

Several other large investors also recently made changes to their positions in the stock. Proficio Capital Partners LLC increased its holdings in Alerian MLP ETF by 3,928.2% during the fourth quarter. Proficio Capital Partners LLC now owns 16,224,276 shares of the exchange traded fund’s stock worth $781,361,000 after buying an additional 15,821,509 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Alerian MLP ETF during the 4th quarter worth about $104,132,000. Hilton Capital Management LLC acquired a new position in shares of Alerian MLP ETF during the 3rd quarter worth about $31,562,000. EP Wealth Advisors LLC raised its holdings in shares of Alerian MLP ETF by 10,423.5% in the 3rd quarter. EP Wealth Advisors LLC now owns 511,442 shares of the exchange traded fund’s stock valued at $24,104,000 after purchasing an additional 506,582 shares during the period. Finally, LPL Financial LLC lifted its stake in Alerian MLP ETF by 13.0% in the 3rd quarter. LPL Financial LLC now owns 2,399,962 shares of the exchange traded fund’s stock valued at $113,110,000 after purchasing an additional 275,254 shares during the last quarter.

Alerian MLP ETF Stock Down 0.2 %

Shares of NYSEARCA AMLP opened at $52.09 on Wednesday. The business’s 50 day moving average price is $51.40 and its two-hundred day moving average price is $49.12. The company has a market cap of $10.73 billion, a PE ratio of 13.99 and a beta of 1.35. Alerian MLP ETF has a twelve month low of $44.21 and a twelve month high of $53.24.

Alerian MLP ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, February 18th. Investors of record on Wednesday, February 12th were issued a dividend of $0.97 per share. The ex-dividend date was Wednesday, February 12th. This is a positive change from Alerian MLP ETF’s previous dividend of $0.94.

Alerian MLP ETF 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.