Clare Market Investments LLC Invests $1.09 Million in Alerian MLP ETF (NYSEARCA:AMLP)

Clare Market Investments LLC acquired a new position in Alerian MLP ETF (NYSEARCA:AMLP) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 22,623 shares of the exchange traded fund’s stock, valued at approximately $1,090,000.

A number of other hedge funds have also recently made changes to their positions in the business. Capital Investment Advisory Services LLC boosted its stake in shares of Alerian MLP ETF by 2.8% in the fourth quarter. Capital Investment Advisory Services LLC now owns 8,024 shares of the exchange traded fund’s stock worth $386,000 after acquiring an additional 222 shares during the period. Mach 1 Financial Group LLC boosted its stake in shares of Alerian MLP ETF by 2.4% in the third quarter. Mach 1 Financial Group LLC now owns 10,487 shares of the exchange traded fund’s stock worth $494,000 after acquiring an additional 244 shares during the period. Auour Investments LLC boosted its stake in shares of Alerian MLP ETF by 1.4% in the fourth quarter. Auour Investments LLC now owns 17,948 shares of the exchange traded fund’s stock worth $926,000 after acquiring an additional 249 shares during the period. Savant Capital LLC lifted its position in shares of Alerian MLP ETF by 1.0% in the fourth quarter. Savant Capital LLC now owns 26,171 shares of the exchange traded fund’s stock worth $1,260,000 after buying an additional 255 shares in the last quarter. Finally, Kathleen S. Wright Associates Inc. lifted its position in shares of Alerian MLP ETF by 17.1% in the fourth quarter. Kathleen S. Wright Associates Inc. now owns 1,810 shares of the exchange traded fund’s stock worth $87,000 after buying an additional 264 shares in the last quarter.

Alerian MLP ETF Trading Up 1.4 %

NYSEARCA:AMLP opened at $50.33 on Monday. The company has a market capitalization of $10.36 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. The business’s 50-day moving average is $51.02 and its 200 day moving average is $48.91.

Alerian MLP ETF Increases Dividend

The company also recently announced a dividend, which was paid on Tuesday, February 18th. Investors of record on Wednesday, February 12th were given a $0.97 dividend. 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.