G&S Capital LLC Has $3.27 Million Position in Alerian MLP ETF (NYSEARCA:AMLP)

G&S Capital LLC grew its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 7.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,920 shares of the exchange traded fund’s stock after purchasing an additional 4,456 shares during the quarter. Alerian MLP ETF makes up approximately 1.4% of G&S Capital LLC’s investment portfolio, making the stock its 18th largest holding. G&S Capital LLC’s holdings in Alerian MLP ETF were worth $3,271,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Hilton Capital Management LLC acquired a new position in Alerian MLP ETF in the 3rd quarter valued at $31,562,000. EP Wealth Advisors LLC boosted its position in shares of Alerian MLP ETF by 10,423.5% in the third quarter. EP Wealth Advisors LLC now owns 511,442 shares of the exchange traded fund’s stock valued at $24,104,000 after acquiring an additional 506,582 shares during the period. School Employees Retirement Board of Ohio acquired a new position in shares of Alerian MLP ETF in the third quarter valued at about $14,643,000. LPL Financial LLC increased its position in Alerian MLP ETF by 13.0% during the third quarter. LPL Financial LLC now owns 2,399,962 shares of the exchange traded fund’s stock worth $113,110,000 after acquiring an additional 275,254 shares during the period. Finally, Crescent Grove Advisors LLC acquired a new stake in Alerian MLP ETF in the 4th quarter worth about $12,868,000.

Alerian MLP ETF Stock Down 3.3 %

Shares of NYSEARCA:AMLP opened at $50.38 on Thursday. Alerian MLP ETF has a 12-month low of $43.29 and a 12-month high of $53.24. The company’s 50 day moving average price is $50.06 and its two-hundred day moving average price is $48.33. The firm has a market cap of $9.06 billion, a PE ratio of 13.08 and a beta of 0.48.

Alerian MLP ETF Increases Dividend

The business also recently declared a dividend, which will be paid on Tuesday, February 18th. Investors of record on Wednesday, February 12th will be paid a $0.97 dividend. This is a boost from Alerian MLP ETF’s previous dividend of $0.94. The ex-dividend date is 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.