Alerian MLP ETF (NYSEARCA:AMLP) Shares Bought by Gladstone Institutional Advisory LLC

Gladstone Institutional Advisory LLC raised its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 7.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,291 shares of the exchange traded fund’s stock after purchasing an additional 957 shares during the period. Gladstone Institutional Advisory LLC’s holdings in Alerian MLP ETF were worth $688,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Hilton Capital Management LLC acquired a new stake in Alerian MLP ETF in the 3rd quarter worth about $31,562,000. EP Wealth Advisors LLC boosted its stake 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 worth $24,104,000 after acquiring an additional 506,582 shares during the last quarter. School Employees Retirement Board of Ohio purchased a new stake in shares of Alerian MLP ETF during the third quarter worth approximately $14,643,000. LPL Financial LLC raised its stake in Alerian MLP ETF by 13.0% in the 3rd 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 during the last quarter. Finally, Crescent Grove Advisors LLC purchased a new position in Alerian MLP ETF in the 4th quarter valued at $12,868,000.

Alerian MLP ETF Stock Up 0.4 %

Shares of NYSEARCA AMLP opened at $51.57 on Friday. The firm has a 50-day simple moving average of $50.11 and a 200-day simple moving average of $48.37. The stock has a market capitalization of $9.28 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a 52 week low of $43.59 and a 52 week high of $53.24.

Alerian MLP ETF Increases Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Wednesday, February 12th will be paid a $0.97 dividend. This is a positive change from Alerian MLP ETF’s previous dividend of $0.94. The ex-dividend date of this dividend 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.