Concurrent Investment Advisors LLC Raises Stock Holdings in Alerian MLP ETF (NYSEARCA:AMLP)

Concurrent Investment Advisors LLC increased its position in Alerian MLP ETF (NYSEARCA:AMLP) by 22.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,020 shares of the exchange traded fund’s stock after acquiring an additional 2,402 shares during the period. Concurrent Investment Advisors LLC’s holdings in Alerian MLP ETF were worth $627,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the stock. Capital Investment Advisory Services LLC boosted its holdings in Alerian MLP ETF by 2.8% in the 4th quarter. Capital Investment Advisory Services LLC now owns 8,024 shares of the exchange traded fund’s stock worth $386,000 after buying an additional 222 shares during the last quarter. Mach 1 Financial Group LLC increased its position in shares of Alerian MLP ETF by 2.4% during the third quarter. Mach 1 Financial Group LLC now owns 10,487 shares of the exchange traded fund’s stock worth $494,000 after acquiring an additional 244 shares during the period. Savant Capital LLC increased its position in shares of Alerian MLP ETF by 1.0% during the fourth quarter. Savant Capital LLC now owns 26,171 shares of the exchange traded fund’s stock worth $1,260,000 after acquiring an additional 255 shares during the period. Kathleen S. Wright Associates Inc. increased its position in shares of Alerian MLP ETF by 17.1% during the fourth quarter. Kathleen S. Wright Associates Inc. now owns 1,810 shares of the exchange traded fund’s stock worth $87,000 after acquiring an additional 264 shares during the period. Finally, Avidian Wealth Enterprises LLC grew its stake in shares of Alerian MLP ETF by 1.7% during the third quarter. Avidian Wealth Enterprises LLC now owns 16,219 shares of the exchange traded fund’s stock worth $764,000 after purchasing an additional 265 shares in the last quarter.

Alerian MLP ETF Stock Performance

Shares of AMLP stock opened at $51.71 on Monday. Alerian MLP ETF has a 1 year low of $44.21 and a 1 year high of $53.24. The stock’s 50-day moving average is $50.40 and its two-hundred day moving average is $48.56. The firm has a market cap of $9.30 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48.

Alerian MLP ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, February 18th. Stockholders of record on Wednesday, February 12th were paid a dividend of $0.97 per share. This is a boost 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.