Financial Sense Advisors Inc. Purchases New Stake in Alerian MLP ETF (NYSEARCA:AMLP)

Financial Sense Advisors Inc. purchased a new position in Alerian MLP ETF (NYSEARCA:AMLP) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 66,966 shares of the exchange traded fund’s stock, valued at approximately $3,225,000. Alerian MLP ETF comprises about 1.1% of Financial Sense Advisors Inc.’s portfolio, making the stock its 24th largest holding.

Other hedge funds have also recently modified their holdings of the company. Venture Visionary Partners LLC increased its stake in shares of Alerian MLP ETF by 7.3% during the third quarter. Venture Visionary Partners LLC now owns 11,158 shares of the exchange traded fund’s stock valued at $526,000 after buying an additional 756 shares during the period. Private Advisor Group LLC lifted its stake in Alerian MLP ETF by 10.2% in the third quarter. Private Advisor Group LLC now owns 209,166 shares of the exchange traded fund’s stock worth $9,858,000 after acquiring an additional 19,380 shares during the period. Lake Street Private Wealth LLC boosted its holdings in Alerian MLP ETF by 1.4% in the third quarter. Lake Street Private Wealth LLC now owns 53,144 shares of the exchange traded fund’s stock valued at $2,505,000 after acquiring an additional 747 shares in the last quarter. U.S. Capital Wealth Advisors LLC increased its position in Alerian MLP ETF by 5.6% during the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 77,145 shares of the exchange traded fund’s stock valued at $3,636,000 after purchasing an additional 4,087 shares during the period. Finally, School Employees Retirement Board of Ohio bought a new position in Alerian MLP ETF in the 3rd quarter worth $14,643,000.

Alerian MLP ETF Trading Down 0.4 %

Shares of AMLP opened at $52.16 on Thursday. Alerian MLP ETF has a 1-year low of $44.21 and a 1-year high of $53.24. The firm’s 50-day moving average price is $50.29 and its 200-day moving average price is $48.46. The firm has a market capitalization of $9.38 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48.

Alerian MLP ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, February 18th. Shareholders of record on Wednesday, February 12th were given a dividend of $0.97 per share. This is a boost from Alerian MLP ETF’s previous dividend of $0.94. The ex-dividend date 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.