Blue Trust Inc. Increases Stock Position in Alerian MLP ETF (NYSEARCA:AMLP)

Blue Trust Inc. boosted its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 15.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,606 shares of the exchange traded fund’s stock after purchasing an additional 5,035 shares during the period. Blue Trust Inc.’s holdings in Alerian MLP ETF were worth $1,763,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital Investment Advisory Services LLC increased its position in shares of Alerian MLP ETF by 2.8% during 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 last quarter. Mach 1 Financial Group LLC increased its holdings in Alerian MLP ETF by 2.4% during the 3rd quarter. Mach 1 Financial Group LLC now owns 10,487 shares of the exchange traded fund’s stock worth $494,000 after purchasing an additional 244 shares during the last quarter. Savant Capital LLC raised its position in shares of Alerian MLP ETF by 1.0% in the 4th quarter. Savant Capital LLC now owns 26,171 shares of the exchange traded fund’s stock valued at $1,260,000 after purchasing an additional 255 shares in the last quarter. Kathleen S. Wright Associates Inc. boosted its stake in shares of Alerian MLP ETF by 17.1% during the 4th quarter. Kathleen S. Wright Associates Inc. now owns 1,810 shares of the exchange traded fund’s stock valued at $87,000 after buying an additional 264 shares during the last quarter. Finally, Avidian Wealth Enterprises LLC boosted its stake in shares of Alerian MLP ETF by 1.7% during the 3rd quarter. Avidian Wealth Enterprises LLC now owns 16,219 shares of the exchange traded fund’s stock valued at $764,000 after buying an additional 265 shares during the last quarter.

Alerian MLP ETF Trading Up 0.4 %

Shares of NYSEARCA:AMLP opened at $51.57 on Friday. The firm has a market cap of $9.28 billion, a PE ratio of 13.08 and a beta of 0.48. The company has a fifty day simple moving average of $50.11 and a 200 day simple moving average of $48.37. Alerian MLP ETF has a 12-month low of $43.59 and a 12-month high of $53.24.

Alerian MLP ETF Increases Dividend

The business also recently announced a dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Wednesday, February 12th will be paid a $0.97 dividend. The ex-dividend date of this dividend is 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.