Flagship Wealth Advisors LLC Purchases New Stake in Alerian MLP ETF (NYSEARCA:AMLP)

Flagship Wealth Advisors LLC purchased a new stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,300 shares of the exchange traded fund’s stock, valued at approximately $63,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Strategic Financial Concepts LLC purchased a new position in Alerian MLP ETF during the 4th quarter valued at $27,000. City State Bank purchased a new position in Alerian MLP ETF during the 4th quarter valued at $40,000. Advisors Asset Management Inc. purchased a new position in Alerian MLP ETF during the 3rd quarter valued at $65,000. Geneos Wealth Management Inc. increased its position 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. Finally, Thurston Springer Miller Herd & Titak Inc. increased its position in Alerian MLP ETF by 53.6% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,720 shares of the exchange traded fund’s stock valued at $83,000 after purchasing an additional 600 shares during the period.

Alerian MLP ETF Trading Up 1.4 %

Shares of Alerian MLP ETF stock opened at $52.22 on Tuesday. The company’s fifty day simple moving average is $51.33 and its two-hundred day simple moving average is $49.09. The company has a market cap of $10.76 billion, a P/E ratio of 13.99 and a beta of 1.35. Alerian MLP ETF has a 12-month low of $44.21 and a 12-month high of $53.24.

Alerian MLP ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, February 18th. Shareholders of record on Wednesday, February 12th were given a dividend of $0.97 per share. 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.

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.