Alerian MLP ETF (NYSEARCA:AMLP) Shares Purchased by Allen Wealth Management LLC

Allen Wealth Management LLC lifted its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 0.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 324,775 shares of the exchange traded fund’s stock after purchasing an additional 1,164 shares during the period. Alerian MLP ETF accounts for 11.2% of Allen Wealth Management LLC’s holdings, making the stock its 3rd biggest position. Allen Wealth Management LLC’s holdings in Alerian MLP ETF were worth $15,641,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of AMLP. Strategic Financial Concepts LLC bought a new stake in Alerian MLP ETF during the 4th quarter valued at $27,000. Mark Sheptoff Financial Planning LLC grew its holdings in shares of 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 buying an additional 500 shares during the last quarter. 1620 Investment Advisors Inc. bought a new stake in shares of Alerian MLP ETF during the fourth quarter worth about $38,000. City State Bank acquired a new stake in shares of Alerian MLP ETF in the 4th quarter worth about $40,000. Finally, Flagship Wealth Advisors LLC acquired a new stake in shares of Alerian MLP ETF in the 4th quarter worth about $63,000.

Alerian MLP ETF Stock Performance

AMLP stock opened at $52.57 on Thursday. The business has a 50-day simple moving average of $51.69 and a two-hundred day simple moving average of $49.52. The company has a market capitalization of $10.90 billion, a P/E ratio of 14.02 and a beta of 0.99. 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 business also recently announced a dividend, which was paid on Tuesday, February 18th. Investors of record on Wednesday, February 12th were given a dividend of $0.97 per share. This is a boost from Alerian MLP ETF’s previous dividend of $0.94. The ex-dividend date was 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.