Wealth Alliance Has $13.95 Million Holdings in Alerian MLP ETF (NYSEARCA:AMLP)

Wealth Alliance raised its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 19.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 289,693 shares of the exchange traded fund’s stock after acquiring an additional 47,781 shares during the period. Alerian MLP ETF comprises approximately 1.7% of Wealth Alliance’s investment portfolio, making the stock its 10th largest holding. Wealth Alliance owned 0.16% of Alerian MLP ETF worth $13,952,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of the company. Financial Sense Advisors Inc. bought a new position in shares of Alerian MLP ETF during the 4th quarter worth approximately $3,225,000. Good Life Advisors LLC lifted its holdings in Alerian MLP ETF by 5.5% during the fourth quarter. Good Life Advisors LLC now owns 9,972 shares of the exchange traded fund’s stock worth $480,000 after acquiring an additional 524 shares during the period. TKG Advisors LLC boosted its position in Alerian MLP ETF by 6.8% in the fourth quarter. TKG Advisors LLC now owns 84,955 shares of the exchange traded fund’s stock worth $4,426,000 after purchasing an additional 5,404 shares during the last quarter. Global Retirement Partners LLC grew its stake in Alerian MLP ETF by 65.1% in the 4th quarter. Global Retirement Partners LLC now owns 100,247 shares of the exchange traded fund’s stock valued at $4,828,000 after purchasing an additional 39,512 shares during the period. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its position in shares of Alerian MLP ETF by 398.2% during the 4th quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 49,743 shares of the exchange traded fund’s stock valued at $2,396,000 after purchasing an additional 39,759 shares during the last quarter.

Alerian MLP ETF Stock Performance

Shares of NYSEARCA:AMLP opened at $52.16 on Thursday. The company has a market capitalization of $9.38 billion, a P/E ratio of 13.08 and a beta of 0.48. The company’s 50-day moving average is $50.29 and its 200 day moving average is $48.46. Alerian MLP ETF has a fifty-two week low of $44.21 and a fifty-two week high of $53.24.

Alerian MLP ETF Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, February 18th. Stockholders 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 was 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.