Independent Advisor Alliance Boosts Holdings in Alerian MLP ETF (NYSEARCA:AMLP)

Independent Advisor Alliance lifted its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 648.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 126,955 shares of the exchange traded fund’s stock after buying an additional 109,997 shares during the period. Independent Advisor Alliance owned approximately 0.07% of Alerian MLP ETF worth $6,114,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Ashton Thomas Securities LLC purchased a new position in Alerian MLP ETF during the 3rd quarter worth $28,000. City State Bank purchased a new position in Alerian MLP ETF during the 4th quarter worth $40,000. Advisors Asset Management Inc. purchased a new position in Alerian MLP ETF during the 3rd quarter worth $65,000. Geneos Wealth Management Inc. grew its position in Alerian MLP ETF by 159.5% during the 4th quarter. Geneos Wealth Management Inc. now owns 1,570 shares of the exchange traded fund’s stock worth $76,000 after purchasing an additional 965 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in Alerian MLP ETF by 53.6% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,720 shares of the exchange traded fund’s stock worth $83,000 after purchasing an additional 600 shares during the last quarter.

Alerian MLP ETF Stock Performance

Shares of Alerian MLP ETF stock opened at $50.65 on Wednesday. Alerian MLP ETF has a 1 year low of $44.21 and a 1 year high of $53.24. The company has a market capitalization of $10.42 billion, a P/E ratio of 14.01 and a beta of 1.38. The company’s fifty day moving average is $51.12 and its two-hundred day moving average is $48.96.

Alerian MLP ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, February 18th. Shareholders of record on Wednesday, February 12th were given 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 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.