Alerian MLP ETF (NYSEARCA:AMLP) Shares Purchased by Prevail Innovative Wealth Advisors LLC

Prevail Innovative Wealth Advisors LLC grew its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 141.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 77,945 shares of the exchange traded fund’s stock after buying an additional 45,617 shares during the period. Alerian MLP ETF accounts for about 1.1% of Prevail Innovative Wealth Advisors LLC’s investment portfolio, making the stock its 27th biggest holding. Prevail Innovative Wealth Advisors LLC’s holdings in Alerian MLP ETF were worth $3,754,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Proficio Capital Partners LLC grew its stake 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 worth $781,361,000 after purchasing an additional 15,821,509 shares in the last quarter. LPL Financial LLC boosted its holdings in shares of Alerian MLP ETF by 16.7% in the fourth quarter. LPL Financial LLC now owns 2,801,023 shares of the exchange traded fund’s stock valued at $134,897,000 after acquiring an additional 401,061 shares in the last quarter. Raymond James Financial Inc. bought a new position in Alerian MLP ETF during the fourth quarter valued at about $104,132,000. Stephens Inc. AR lifted its holdings in Alerian MLP ETF by 9.7% in the 4th quarter. Stephens Inc. AR now owns 1,079,417 shares of the exchange traded fund’s stock valued at $51,985,000 after acquiring an additional 95,191 shares during the last quarter. Finally, Naviter Wealth LLC boosted its position in shares of Alerian MLP ETF by 22.3% during the 4th quarter. Naviter Wealth LLC now owns 1,072,407 shares of the exchange traded fund’s stock valued at $51,647,000 after purchasing an additional 195,327 shares in the last quarter.

Alerian MLP ETF Stock Performance

NYSEARCA AMLP opened at $52.07 on Friday. Alerian MLP ETF has a 1 year low of $44.21 and a 1 year high of $53.24. The stock has a market capitalization of $10.73 billion, a P/E ratio of 13.99 and a beta of 1.35. The business’s fifty day moving average is $51.68 and its two-hundred day moving average is $49.41.

Alerian MLP ETF Increases Dividend

The company 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. This is an increase from Alerian MLP ETF’s previous dividend of $0.94. The ex-dividend date of this dividend 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.