J. L. Bainbridge & Co. Inc. Has $246,000 Stock Holdings in Alerian MLP ETF (NYSEARCA:AMLP)

J. L. Bainbridge & Co. Inc. grew its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 9.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 5,103 shares of the exchange traded fund’s stock after acquiring an additional 445 shares during the period. J. L. Bainbridge & Co. Inc.’s holdings in Alerian MLP ETF were worth $246,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Ashton Thomas Securities LLC bought a new stake in Alerian MLP ETF during the 3rd quarter worth approximately $28,000. City State Bank bought a new stake in Alerian MLP ETF during the 4th quarter worth approximately $40,000. Advisors Asset Management Inc. bought a new stake in Alerian MLP ETF during the 3rd quarter worth approximately $65,000. Geneos Wealth Management Inc. grew its holdings in shares of 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 acquiring an additional 965 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Alerian MLP ETF by 53.6% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,720 shares of the exchange traded fund’s stock valued at $83,000 after acquiring an additional 600 shares in the last quarter.

Alerian MLP ETF Stock Up 2.1 %

AMLP stock opened at $51.49 on Friday. The firm has a market cap of $10.60 billion, a PE ratio of 14.01 and a beta of 1.38. The business has a 50 day moving average of $51.26 and a 200-day moving average of $49.02. 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 firm also recently announced a dividend, which was paid on Tuesday, February 18th. Stockholders of record on Wednesday, February 12th were issued 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.

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.