Providence First Trust Co Purchases 2,300 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

Providence First Trust Co grew its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 6.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 35,971 shares of the exchange traded fund’s stock after acquiring an additional 2,300 shares during the quarter. Providence First Trust Co’s holdings in Alerian MLP ETF were worth $1,732,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. US Bancorp DE raised its stake in Alerian MLP ETF by 0.7% during the fourth quarter. US Bancorp DE now owns 347,742 shares of the exchange traded fund’s stock valued at $16,747,000 after purchasing an additional 2,386 shares in the last quarter. Fisher Asset Management LLC purchased a new stake in shares of Alerian MLP ETF during the 4th quarter valued at about $211,000. ADG Wealth Management Group LLC purchased a new stake in shares of Alerian MLP ETF during the 4th quarter valued at about $234,000. Mills Wealth Advisors LLC lifted its holdings in shares of Alerian MLP ETF by 7.6% in the 4th quarter. Mills Wealth Advisors LLC now owns 78,953 shares of the exchange traded fund’s stock valued at $3,802,000 after acquiring an additional 5,549 shares during the last quarter. Finally, Private Trust Co. NA grew its position in Alerian MLP ETF by 14.4% in the fourth quarter. Private Trust Co. NA now owns 28,621 shares of the exchange traded fund’s stock worth $1,378,000 after acquiring an additional 3,594 shares in the last quarter.

Alerian MLP ETF Price Performance

Shares of AMLP stock opened at $51.91 on Friday. The company has a market cap of $10.68 billion, a PE ratio of 14.01 and a beta of 1.38. Alerian MLP ETF has a 1 year low of $44.21 and a 1 year high of $53.24. The stock’s 50 day simple moving average is $50.79 and its two-hundred day simple moving average is $48.72.

Alerian MLP ETF Increases Dividend

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

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.