Alerian MLP ETF (NYSEARCA:AMLP) Stock Position Raised by Private Trust Co. NA

Private Trust Co. NA lifted its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 14.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,621 shares of the exchange traded fund’s stock after acquiring an additional 3,594 shares during the quarter. Private Trust Co. NA’s holdings in Alerian MLP ETF were worth $1,378,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Ergawealth Advisors Inc. bought a new stake in shares of Alerian MLP ETF during the 4th quarter worth $386,000. Wakefield Asset Management LLLP boosted its stake in shares of Alerian MLP ETF by 1.6% during the 4th quarter. Wakefield Asset Management LLLP now owns 29,778 shares of the exchange traded fund’s stock worth $1,434,000 after acquiring an additional 481 shares in the last quarter. Fort Sheridan Advisors LLC purchased a new stake in shares of Alerian MLP ETF in the fourth quarter valued at $271,000. Proficio Capital Partners LLC lifted its holdings in shares of Alerian MLP ETF by 3,928.2% in the fourth quarter. Proficio Capital Partners LLC now owns 16,224,276 shares of the exchange traded fund’s stock valued at $781,361,000 after purchasing an additional 15,821,509 shares in the last quarter. Finally, Oppenheimer & Co. Inc. lifted its holdings in shares of Alerian MLP ETF by 1.6% in the fourth quarter. Oppenheimer & Co. Inc. now owns 83,456 shares of the exchange traded fund’s stock valued at $4,019,000 after purchasing an additional 1,348 shares in the last quarter.

Alerian MLP ETF Stock Up 1.2 %

AMLP opened at $51.91 on Friday. The stock has a fifty day moving average of $50.79 and a 200-day moving average of $48.72. The firm has a market capitalization of $10.68 billion, a P/E ratio of 14.01 and a beta of 1.38. 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 of this dividend 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.