Hurley Capital LLC Buys New Shares in Alerian MLP ETF (NYSEARCA:AMLP)

Hurley Capital LLC purchased a new position in Alerian MLP ETF (NYSEARCA:AMLP) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 658 shares of the exchange traded fund’s stock, valued at approximately $32,000.

Several other institutional investors also recently modified their holdings of the stock. Mark Sheptoff Financial Planning LLC raised 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 worth $30,000 after buying an additional 500 shares during the period. 1620 Investment Advisors Inc. acquired a new stake in shares of Alerian MLP ETF during the fourth quarter valued at approximately $38,000. City State Bank purchased a new stake in shares of Alerian MLP ETF in the 4th quarter valued at approximately $40,000. Flagship Wealth Advisors LLC acquired a new position in Alerian MLP ETF in the 4th quarter worth approximately $63,000. Finally, 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 in the last quarter.

Alerian MLP ETF Stock Down 7.1 %

Shares of NYSEARCA:AMLP opened at $47.02 on Friday. The company has a market cap of $9.75 billion, a P/E ratio of 14.02 and a beta of 0.99. The company’s fifty day moving average is $51.56 and its two-hundred day moving average is $49.54. 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 firm also recently declared a dividend, which was paid on Tuesday, February 18th. Investors of record on Wednesday, February 12th were given a dividend of $0.97 per share. This is a positive change from Alerian MLP ETF’s previous dividend of $0.94. The ex-dividend date of this dividend was Wednesday, February 12th.

About Alerian MLP ETF

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.