Spectrum Wealth Counsel LLC Has $8.92 Million Holdings in Alerian MLP ETF (NYSEARCA:AMLP)

Spectrum Wealth Counsel LLC lessened its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 0.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 185,271 shares of the exchange traded fund’s stock after selling 1,104 shares during the quarter. Alerian MLP ETF accounts for approximately 1.0% of Spectrum Wealth Counsel LLC’s portfolio, making the stock its 29th largest position. Spectrum Wealth Counsel LLC’s holdings in Alerian MLP ETF were worth $8,923,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of AMLP. Proficio Capital Partners LLC grew its position in shares of Alerian MLP ETF by 3,928.2% in the fourth quarter. Proficio Capital Partners LLC now owns 16,224,276 shares of the exchange traded fund’s stock valued at $781,361,000 after purchasing an additional 15,821,509 shares during the last quarter. LPL Financial LLC boosted its stake in shares of Alerian MLP ETF by 13.0% in the third quarter. LPL Financial LLC now owns 2,399,962 shares of the exchange traded fund’s stock valued at $113,110,000 after buying an additional 275,254 shares during the period. Stephens Inc. AR boosted its stake in shares of Alerian MLP ETF by 9.7% in the fourth quarter. Stephens Inc. AR now owns 1,079,417 shares of the exchange traded fund’s stock valued at $51,985,000 after buying an additional 95,191 shares during the period. HighTower Advisors LLC boosted its stake in shares of Alerian MLP ETF by 10.7% in the third quarter. HighTower Advisors LLC now owns 872,018 shares of the exchange traded fund’s stock valued at $41,091,000 after buying an additional 83,961 shares during the period. Finally, Hilton Capital Management LLC bought a new stake in shares of Alerian MLP ETF in the third quarter valued at approximately $31,562,000.

Alerian MLP ETF Trading Up 1.2 %

Shares of AMLP stock opened at $51.91 on Friday. The stock has a market cap of $10.68 billion, a P/E ratio of 14.01 and a beta of 1.38. The stock has a 50 day simple moving average of $50.79 and a 200 day simple moving average of $48.72. Alerian MLP ETF has a 1 year low of $44.21 and a 1 year high of $53.24.

Alerian MLP ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, February 18th. Shareholders of record on Wednesday, February 12th were paid a dividend of $0.97 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This is a boost 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.