Alerian MLP ETF (NYSEARCA:AMLP) Shares Bought by MGB Wealth Management LLC

MGB Wealth Management LLC lifted its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 21.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 59,155 shares of the exchange traded fund’s stock after purchasing an additional 10,461 shares during the quarter. Alerian MLP ETF comprises about 0.9% of MGB Wealth Management LLC’s investment portfolio, making the stock its 18th biggest position. MGB Wealth Management LLC’s holdings in Alerian MLP ETF were worth $2,849,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. ORG Wealth Partners LLC purchased a new position in Alerian MLP ETF during the third quarter worth approximately $41,000. Wesbanco Bank Inc. grew its position in Alerian MLP ETF by 8.9% during the third quarter. Wesbanco Bank Inc. now owns 5,506 shares of the exchange traded fund’s stock valued at $260,000 after acquiring an additional 450 shares during the period. NBC Securities Inc. increased its stake in Alerian MLP ETF by 1.7% during the third quarter. NBC Securities Inc. now owns 20,872 shares of the exchange traded fund’s stock worth $983,000 after acquiring an additional 357 shares during the last quarter. PFG Advisors raised its holdings in shares of Alerian MLP ETF by 9.0% in the 3rd quarter. PFG Advisors now owns 187,566 shares of the exchange traded fund’s stock worth $8,840,000 after purchasing an additional 15,521 shares during the period. Finally, Opal Wealth Advisors LLC lifted its stake in shares of Alerian MLP ETF by 2.7% in the 3rd quarter. Opal Wealth Advisors LLC now owns 9,167 shares of the exchange traded fund’s stock valued at $432,000 after purchasing an additional 242 shares in the last quarter.

Alerian MLP ETF Stock Down 3.3 %

AMLP opened at $50.38 on Thursday. Alerian MLP ETF has a 52-week low of $43.29 and a 52-week high of $53.24. The company has a 50 day moving average of $50.06 and a two-hundred day moving average of $48.33. The company has a market cap of $9.06 billion, a P/E ratio of 13.08 and a beta of 0.48.

Alerian MLP ETF Increases Dividend

The business also recently declared a dividend, which will be paid on Tuesday, February 18th. Investors of record on Wednesday, February 12th will be issued a $0.97 dividend. This is an increase from Alerian MLP ETF’s previous dividend of $0.94. The ex-dividend date is 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.