Mark Sheptoff Financial Planning LLC Boosts Stock Position in Alerian MLP ETF (NYSEARCA:AMLP)

Mark Sheptoff Financial Planning LLC raised its position in Alerian MLP ETF (NYSEARCA:AMLP) by 400.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 625 shares of the exchange traded fund’s stock after purchasing an additional 500 shares during the period. Mark Sheptoff Financial Planning LLC’s holdings in Alerian MLP ETF were worth $30,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. 1620 Investment Advisors Inc. acquired a new stake in shares of Alerian MLP ETF during the 4th quarter worth $38,000. City State Bank purchased a new stake in Alerian MLP ETF during the fourth quarter valued at about $40,000. Flagship Wealth Advisors LLC acquired a new stake in Alerian MLP ETF during the fourth quarter worth about $63,000. Advisors Asset Management Inc. purchased a new position in shares of Alerian MLP ETF in the 3rd quarter worth about $65,000. Finally, Geneos Wealth Management Inc. lifted its stake in shares of Alerian MLP ETF by 159.5% in the 4th quarter. Geneos Wealth Management Inc. now owns 1,570 shares of the exchange traded fund’s stock valued at $76,000 after purchasing an additional 965 shares in the last quarter.

Alerian MLP ETF Stock Performance

AMLP opened at $51.94 on Wednesday. Alerian MLP ETF has a 1 year low of $44.21 and a 1 year high of $53.24. The firm has a 50 day moving average price of $51.63 and a 200 day moving average price of $49.31. The company has a market cap of $10.70 billion, a PE ratio of 13.99 and a beta of 1.35.

Alerian MLP ETF Increases Dividend

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

Alerian MLP ETF Company 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.