WMG Financial Advisors LLC Has $773,000 Stake in Alerian MLP ETF (NYSEARCA:AMLP)

WMG Financial Advisors LLC grew its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 88.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,055 shares of the exchange traded fund’s stock after purchasing an additional 7,530 shares during the period. WMG Financial Advisors LLC’s holdings in Alerian MLP ETF were worth $773,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Park Avenue Securities LLC grew its position in Alerian MLP ETF by 38.8% in the 4th quarter. Park Avenue Securities LLC now owns 32,525 shares of the exchange traded fund’s stock worth $1,566,000 after purchasing an additional 9,088 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Alerian MLP ETF by 532.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 19,668 shares of the exchange traded fund’s stock worth $927,000 after acquiring an additional 16,560 shares during the period. Advisors Asset Management Inc. bought a new position in shares of Alerian MLP ETF during the 3rd quarter worth about $65,000. Strategic Financial Concepts LLC bought a new position in shares of Alerian MLP ETF during the 4th quarter worth about $27,000. Finally, Benjamin Edwards Inc. lifted its holdings in shares of Alerian MLP ETF by 123.2% during the 3rd quarter. Benjamin Edwards Inc. now owns 45,452 shares of the exchange traded fund’s stock worth $2,142,000 after acquiring an additional 25,090 shares during the period.

Alerian MLP ETF Stock Performance

NYSEARCA:AMLP opened at $51.57 on Tuesday. The company has a 50-day moving average of $50.86 and a 200-day moving average of $48.81. The company has a market capitalization of $10.61 billion, a price-to-earnings ratio of 14.01 and a beta of 1.38. 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 firm also recently disclosed a dividend, which was paid on Tuesday, February 18th. Stockholders of record on Wednesday, February 12th were issued 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.

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.