Ingalls & Snyder LLC Acquires Shares of 27,387 Alerian MLP ETF (NYSEARCA:AMLP)

Ingalls & Snyder LLC bought a new position in Alerian MLP ETF (NYSEARCA:AMLP) during the fourth quarter, HoldingsChannel.com reports. The fund bought 27,387 shares of the exchange traded fund’s stock, valued at approximately $1,319,000.

Several other institutional investors and hedge funds have also made changes to their positions in AMLP. Raab & Moskowitz Asset Management LLC increased its position in shares of Alerian MLP ETF by 3.5% during the fourth quarter. Raab & Moskowitz Asset Management LLC now owns 17,668 shares of the exchange traded fund’s stock worth $851,000 after acquiring an additional 594 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its stake in Alerian MLP ETF by 110.3% in the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 20,993 shares of the exchange traded fund’s stock worth $1,011,000 after purchasing an additional 11,009 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in Alerian MLP ETF during the 4th quarter worth $597,000. Avidian Wealth Enterprises LLC raised its position in Alerian MLP ETF by 4.8% during the 4th quarter. Avidian Wealth Enterprises LLC now owns 16,990 shares of the exchange traded fund’s stock valued at $818,000 after purchasing an additional 771 shares in the last quarter. Finally, Gladstone Institutional Advisory LLC lifted its holdings in shares of Alerian MLP ETF by 7.2% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 14,291 shares of the exchange traded fund’s stock worth $688,000 after buying an additional 957 shares during the period.

Alerian MLP ETF Trading Up 2.0 %

AMLP opened at $51.38 on Friday. The business’s fifty day simple moving average is $50.08 and its 200-day simple moving average is $48.35. The company has a market capitalization of $9.24 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a 12-month low of $43.35 and a 12-month high of $53.24.

Alerian MLP ETF Increases Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Wednesday, February 12th will be 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 is Wednesday, February 12th.

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.