Alerian MLP ETF (NYSEARCA:AMLP) Shares Acquired by Lake Street Advisors Group LLC

Lake Street Advisors Group LLC increased its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 3.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,400 shares of the exchange traded fund’s stock after acquiring an additional 400 shares during the period. Lake Street Advisors Group LLC’s holdings in Alerian MLP ETF were worth $597,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AMLP. Hilton Capital Management LLC acquired a new position in shares of Alerian MLP ETF in the third quarter worth $31,562,000. EP Wealth Advisors LLC boosted its holdings in 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 purchasing an additional 506,582 shares during the period. LPL Financial LLC grew its stake in Alerian MLP ETF by 13.0% during the 3rd quarter. LPL Financial LLC now owns 2,399,962 shares of the exchange traded fund’s stock worth $113,110,000 after purchasing an additional 275,254 shares in the last quarter. Crescent Grove Advisors LLC purchased a new stake in Alerian MLP ETF during the 4th quarter worth about $12,868,000. Finally, Fiduciary Family Office LLC purchased a new stake in Alerian MLP ETF during the 4th quarter worth about $11,851,000.

Alerian MLP ETF Stock Performance

Shares of AMLP opened at $51.29 on Friday. Alerian MLP ETF has a 1 year low of $44.21 and a 1 year high of $53.24. The stock has a market capitalization of $10.56 billion, a PE ratio of 14.01 and a beta of 1.38. The stock has a 50-day simple moving average of $50.70 and a 200-day simple moving average of $48.67.

Alerian MLP ETF Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, February 18th. Investors of record on Wednesday, February 12th were paid a $0.97 dividend. The ex-dividend date was Wednesday, February 12th. This is an increase from Alerian MLP ETF’s previous dividend of $0.94.

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.