Wellington Shields Capital Management LLC Raises Position in Alerian MLP ETF (NYSEARCA:AMLP)

Wellington Shields Capital Management LLC lifted its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 7.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,645 shares of the exchange traded fund’s stock after purchasing an additional 400 shares during the period. Wellington Shields Capital Management LLC’s holdings in Alerian MLP ETF were worth $272,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Strategic Financial Concepts LLC purchased a new position in Alerian MLP ETF during the fourth quarter valued at approximately $27,000. Ashton Thomas Securities LLC purchased a new position in shares of Alerian MLP ETF during the 3rd quarter valued at $28,000. City State Bank bought a new position in Alerian MLP ETF in the 4th quarter worth $40,000. Advisors Asset Management Inc. purchased a new stake in Alerian MLP ETF in the 3rd quarter worth $65,000. Finally, Geneos Wealth Management Inc. raised its holdings in 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 acquiring an additional 965 shares during the period.

Alerian MLP ETF Stock Up 2.1 %

Shares of Alerian MLP ETF stock opened at $51.49 on Friday. The company has a market capitalization of $10.60 billion, a price-to-earnings ratio of 14.01 and a beta of 1.38. The stock’s 50-day simple moving average is $51.26 and its 200-day simple moving average is $49.02. Alerian MLP ETF has a 52 week low of $44.21 and a 52 week high of $53.24.

Alerian MLP ETF Increases Dividend

The firm 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.

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.