Howard Wealth Management LLC Acquires 1,760 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

Howard Wealth Management LLC lifted its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 18.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,097 shares of the exchange traded fund’s stock after buying an additional 1,760 shares during the quarter. Howard Wealth Management LLC’s holdings in Alerian MLP ETF were worth $534,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Nations Financial Group Inc. IA ADV raised its holdings in shares of Alerian MLP ETF by 3.8% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 20,904 shares of the exchange traded fund’s stock valued at $1,007,000 after buying an additional 760 shares during the last quarter. Blue Trust Inc. increased its position in Alerian MLP ETF by 15.9% in the fourth quarter. Blue Trust Inc. now owns 36,606 shares of the exchange traded fund’s stock worth $1,763,000 after purchasing an additional 5,035 shares during the period. G&S Capital LLC increased its position in Alerian MLP ETF by 7.0% in the fourth quarter. G&S Capital LLC now owns 67,920 shares of the exchange traded fund’s stock worth $3,271,000 after purchasing an additional 4,456 shares during the period. MGB Wealth Management LLC increased its position in Alerian MLP ETF by 21.5% in the fourth quarter. MGB Wealth Management LLC now owns 59,155 shares of the exchange traded fund’s stock worth $2,849,000 after purchasing an additional 10,461 shares during the period. Finally, Ingalls & Snyder LLC acquired a new stake in Alerian MLP ETF in the fourth quarter worth about $1,319,000.

Alerian MLP ETF Stock Up 0.4 %

Shares of AMLP stock opened at $51.57 on Friday. The stock has a 50-day moving average price of $50.11 and a 200 day moving average price of $48.37. The firm has a market cap of $9.28 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a 12 month low of $43.59 and a 12 month high of $53.24.

Alerian MLP ETF Increases Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, February 18th. Investors of record on Wednesday, February 12th will be given 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 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.