Harbour Investments Inc. Buys 1,002 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

Harbour Investments Inc. boosted its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 7.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 15,009 shares of the exchange traded fund’s stock after acquiring an additional 1,002 shares during the period. Harbour Investments Inc.’s holdings in Alerian MLP ETF were worth $723,000 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 stock. Strategic Financial Concepts LLC acquired a new stake in shares of Alerian MLP ETF during the 4th quarter worth $27,000. City State Bank bought a new stake in Alerian MLP ETF during the fourth quarter worth about $40,000. Advisors Asset Management Inc. acquired a new stake in Alerian MLP ETF during the third quarter worth about $65,000. Geneos Wealth Management Inc. increased its holdings in Alerian MLP ETF by 159.5% in the 4th quarter. Geneos Wealth Management Inc. now owns 1,570 shares of the exchange traded fund’s stock valued at $76,000 after buying an additional 965 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Alerian MLP ETF by 53.6% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,720 shares of the exchange traded fund’s stock valued at $83,000 after buying an additional 600 shares in the last quarter.

Alerian MLP ETF Trading Up 0.6 %

Shares of Alerian MLP ETF stock opened at $52.38 on Thursday. The company has a market cap of $10.79 billion, a PE ratio of 13.99 and a beta of 1.35. The company has a 50 day moving average of $51.45 and a 200-day moving average of $49.15. Alerian MLP ETF has a 1-year low of $44.21 and a 1-year high of $53.24.

Alerian MLP ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, February 18th. Shareholders of record on Wednesday, February 12th were paid a dividend of $0.97 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This is a boost 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.