Gutierrez Wealth Advisory LLC Purchases Shares of 7,070 Alerian MLP ETF (NYSEARCA:AMLP)

Gutierrez Wealth Advisory LLC acquired a new position in Alerian MLP ETF (NYSEARCA:AMLP) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 7,070 shares of the exchange traded fund’s stock, valued at approximately $340,000.

Several other institutional investors and hedge funds have also recently modified their holdings of AMLP. Strategic Financial Concepts LLC purchased a new stake in Alerian MLP ETF in the 4th quarter worth $27,000. City State Bank bought a new position in shares of Alerian MLP ETF in the fourth quarter worth about $40,000. Flagship Wealth Advisors LLC purchased a new stake in shares of Alerian MLP ETF during the fourth quarter worth about $63,000. Advisors Asset Management Inc. purchased a new stake in shares of Alerian MLP ETF during the third quarter worth about $65,000. Finally, Geneos Wealth Management Inc. raised its stake in Alerian MLP ETF by 159.5% during the 4th quarter. Geneos Wealth Management Inc. now owns 1,570 shares of the exchange traded fund’s stock valued at $76,000 after purchasing an additional 965 shares during the period.

Alerian MLP ETF Price Performance

AMLP stock opened at $52.23 on Friday. Alerian MLP ETF has a 1-year low of $44.21 and a 1-year high of $53.24. The business has a 50 day simple moving average of $51.51 and a two-hundred day simple moving average of $49.17. The company has a market capitalization of $10.76 billion, a price-to-earnings ratio of 13.99 and a beta of 1.35.

Alerian MLP ETF Increases Dividend

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