Arete Wealth Advisors LLC Buys 1,130 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

Arete Wealth Advisors LLC lifted its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 10.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 11,770 shares of the exchange traded fund’s stock after purchasing an additional 1,130 shares during the quarter. Arete Wealth Advisors LLC’s holdings in Alerian MLP ETF were worth $568,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Strategic Financial Concepts LLC bought a new position in Alerian MLP ETF in the fourth quarter valued at about $27,000. Mark Sheptoff Financial Planning LLC raised its holdings in Alerian MLP ETF by 400.0% in the 4th 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. acquired a new stake in Alerian MLP ETF during the 4th quarter worth approximately $38,000. City State Bank bought a new stake in Alerian MLP ETF during the 4th quarter worth approximately $40,000. Finally, Flagship Wealth Advisors LLC acquired a new position in Alerian MLP ETF in the 4th quarter valued at approximately $63,000.

Alerian MLP ETF Stock Performance

AMLP stock opened at $47.02 on Friday. The company has a market capitalization of $9.75 billion, a P/E ratio of 14.02 and a beta of 0.99. The company has a fifty day moving average price of $51.56 and a 200-day moving average price of $49.54. 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 positive change from Alerian MLP ETF’s previous dividend of $0.94. The ex-dividend date of this dividend was Wednesday, February 12th.

Alerian MLP ETF 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.