Raymond James Financial Inc. Makes New Investment in Alerian MLP ETF (NYSEARCA:AMLP)

Raymond James Financial Inc. bought a new stake in Alerian MLP ETF (NYSEARCA:AMLP) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,162,200 shares of the exchange traded fund’s stock, valued at approximately $104,132,000.

Several other hedge funds and other institutional investors have also made changes to their positions in AMLP. Proficio Capital Partners LLC lifted 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 acquiring an additional 15,821,509 shares in the last quarter. Hilton Capital Management LLC purchased a new position in shares of Alerian MLP ETF in the third quarter valued at approximately $31,562,000. EP Wealth Advisors LLC increased its holdings in shares of Alerian MLP ETF by 10,423.5% in the third 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 last quarter. LPL Financial LLC increased its holdings 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 purchasing an additional 275,254 shares during the last quarter. Finally, Crescent Grove Advisors LLC acquired a new stake in shares of Alerian MLP ETF in the fourth quarter valued at approximately $12,868,000.

Alerian MLP ETF Stock Performance

NYSEARCA:AMLP opened at $50.33 on Friday. Alerian MLP ETF has a one year low of $44.21 and a one year high of $53.24. The stock has a market cap of $10.36 billion, a PE ratio of 14.01 and a beta of 1.38. The stock has a 50 day moving average price of $51.02 and a 200 day moving average price of $48.89.

Alerian MLP ETF Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, February 18th. Investors 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 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.