Alerian MLP ETF (NYSEARCA:AMLP) Shares Purchased by Sowell Financial Services LLC

Sowell Financial Services LLC boosted its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 11.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,764 shares of the exchange traded fund’s stock after buying an additional 1,727 shares during the quarter. Sowell Financial Services LLC’s holdings in Alerian MLP ETF were worth $807,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AMLP. Proficio Capital Partners LLC increased its holdings in shares of Alerian MLP ETF by 3,928.2% in the 4th 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 during the last quarter. LPL Financial LLC boosted its holdings in 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 in the last quarter. Raymond James Financial Inc. purchased a new position in Alerian MLP ETF in the fourth quarter valued at approximately $104,132,000. Stephens Inc. AR raised its holdings in Alerian MLP ETF by 9.7% during the fourth quarter. Stephens Inc. AR now owns 1,079,417 shares of the exchange traded fund’s stock worth $51,985,000 after purchasing an additional 95,191 shares in the last quarter. Finally, Naviter Wealth LLC raised its holdings in Alerian MLP ETF by 22.3% during the fourth quarter. Naviter Wealth LLC now owns 1,072,407 shares of the exchange traded fund’s stock worth $51,647,000 after purchasing an additional 195,327 shares in the last quarter.

Alerian MLP ETF Trading Up 0.3 %

Shares of Alerian MLP ETF stock opened at $50.50 on Tuesday. The company has a fifty day simple moving average of $51.07 and a 200-day simple moving average of $48.94. The stock has a market cap of $10.39 billion, a price-to-earnings ratio of 14.01 and a beta of 1.38. Alerian MLP ETF has a 12-month low of $44.21 and a 12-month high of $53.24.

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 given a $0.97 dividend. The ex-dividend date was Wednesday, February 12th. This is a boost 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.