AssuredPartners Investment Advisors LLC Makes New $505,000 Investment in Alerian MLP ETF (NYSEARCA:AMLP)

AssuredPartners Investment Advisors LLC bought a new stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 10,482 shares of the exchange traded fund’s stock, valued at approximately $505,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Strategic Financial Concepts LLC bought a new position in shares of Alerian MLP ETF in the 4th quarter valued at approximately $27,000. Mark Sheptoff Financial Planning LLC grew its holdings in Alerian MLP ETF by 400.0% during the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 625 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 500 shares during the last quarter. 1620 Investment Advisors Inc. bought a new position in shares of Alerian MLP ETF in the fourth quarter valued at approximately $38,000. City State Bank acquired a new stake in shares of Alerian MLP ETF in the fourth quarter worth $40,000. Finally, Flagship Wealth Advisors LLC bought a new stake in shares of Alerian MLP ETF during the 4th quarter worth $63,000.

Alerian MLP ETF Trading Down 0.3 %

NYSEARCA:AMLP opened at $52.04 on Friday. The firm has a market capitalization of $10.72 billion, a PE ratio of 13.99 and a beta of 1.35. Alerian MLP ETF has a 1 year low of $44.21 and a 1 year high of $53.24. The firm’s fifty day simple moving average is $51.67 and its 200 day simple moving average is $49.35.

Alerian MLP ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, February 18th. Stockholders of record on Wednesday, February 12th were paid a $0.97 dividend. The ex-dividend date was Wednesday, February 12th. This is a positive change 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.