L & S Advisors Inc Buys 76,846 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

L & S Advisors Inc boosted its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 107.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 148,044 shares of the exchange traded fund’s stock after buying an additional 76,846 shares during the period. L & S Advisors Inc owned 0.08% of Alerian MLP ETF worth $7,130,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Strategic Financial Concepts LLC bought a new position in shares of Alerian MLP ETF during the fourth quarter worth $27,000. Mark Sheptoff Financial Planning LLC grew its holdings in Alerian MLP ETF by 400.0% during the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 625 shares of the exchange traded fund’s stock valued at $30,000 after buying an additional 500 shares in the last quarter. 1620 Investment Advisors Inc. bought a new stake in Alerian MLP ETF in the fourth quarter worth $38,000. City State Bank bought a new stake in shares of Alerian MLP ETF in the 4th quarter worth about $40,000. Finally, Flagship Wealth Advisors LLC bought a new stake in Alerian MLP ETF during the fourth quarter worth approximately $63,000.

Alerian MLP ETF Trading Up 0.1 %

AMLP stock opened at $52.07 on Friday. Alerian MLP ETF has a 12 month low of $44.21 and a 12 month high of $53.24. The stock has a market cap of $10.73 billion, a PE ratio of 13.99 and a beta of 1.35. The company has a 50-day moving average price of $51.68 and a 200 day moving average price of $49.39.

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 $0.97 dividend. This is a positive change from Alerian MLP ETF’s previous dividend of $0.94. The ex-dividend date was 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.