Haven Private LLC Acquires Shares of 89,354 Alerian MLP ETF (NYSEARCA:AMLP)

Haven Private LLC purchased a new position in shares of Alerian MLP ETF (NYSEARCA:AMLP) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 89,354 shares of the exchange traded fund’s stock, valued at approximately $4,303,000. Alerian MLP ETF comprises about 2.4% of Haven Private LLC’s investment portfolio, making the stock its 9th largest position.

A number of other hedge funds have also made changes to their positions in AMLP. Proficio Capital Partners LLC grew its holdings in shares of Alerian MLP ETF by 3,928.2% during the fourth quarter. Proficio Capital Partners LLC now owns 16,224,276 shares of the exchange traded fund’s stock worth $781,361,000 after buying an additional 15,821,509 shares in the last quarter. LPL Financial LLC lifted its stake in Alerian MLP ETF by 13.0% in the 3rd quarter. LPL Financial LLC now owns 2,399,962 shares of the exchange traded fund’s stock worth $113,110,000 after purchasing an additional 275,254 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Alerian MLP ETF during the 4th quarter worth approximately $104,132,000. Stephens Inc. AR boosted its holdings in shares of Alerian MLP ETF by 9.7% during the 4th quarter. Stephens Inc. AR now owns 1,079,417 shares of the exchange traded fund’s stock worth $51,985,000 after purchasing an additional 95,191 shares during the last quarter. Finally, HighTower Advisors LLC grew its position in shares of Alerian MLP ETF by 10.7% in the third quarter. HighTower Advisors LLC now owns 872,018 shares of the exchange traded fund’s stock valued at $41,091,000 after purchasing an additional 83,961 shares in the last quarter.

Alerian MLP ETF Stock Performance

Shares of Alerian MLP ETF stock opened at $49.64 on Friday. The business’s 50 day moving average price is $50.93 and its 200 day moving average price is $48.85. The company has a market cap of $10.22 billion, a price-to-earnings ratio of 14.01 and a beta of 1.38. Alerian MLP ETF has a one year low of $44.21 and a one year high of $53.24.

Alerian MLP ETF Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, February 18th. Stockholders of record on Wednesday, February 12th were issued a dividend of $0.97 per share. The ex-dividend date was 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.