Douglass Winthrop Advisors LLC Boosts Stock Holdings in Alerian MLP ETF (NYSEARCA:AMLP)

Douglass Winthrop Advisors LLC increased its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 41.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,000 shares of the exchange traded fund’s stock after buying an additional 2,945 shares during the period. Douglass Winthrop Advisors LLC’s holdings in Alerian MLP ETF were worth $482,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. City State Bank purchased a new position in Alerian MLP ETF in the fourth quarter worth $40,000. Flagship Wealth Advisors LLC purchased a new position in Alerian MLP ETF during the 4th quarter worth $63,000. Advisors Asset Management Inc. acquired a new position in Alerian MLP ETF during the 3rd quarter valued at about $65,000. Geneos Wealth Management Inc. raised its stake in Alerian MLP ETF by 159.5% in the fourth quarter. Geneos Wealth Management Inc. now owns 1,570 shares of the exchange traded fund’s stock valued at $76,000 after buying an additional 965 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Alerian MLP ETF by 53.6% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,720 shares of the exchange traded fund’s stock worth $83,000 after acquiring an additional 600 shares during the last quarter.

Alerian MLP ETF Stock Down 1.2 %

Shares of Alerian MLP ETF stock opened at $51.60 on Friday. The company has a 50 day moving average price of $51.56 and a 200 day moving average price of $49.20. The firm has a market capitalization of $10.63 billion, a P/E ratio of 13.99 and a beta of 1.35. Alerian MLP ETF has a 52 week low of $44.21 and a 52 week high of $53.24.

Alerian MLP ETF Increases Dividend

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

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.