LPL Financial LLC Has $134.90 Million Position in Alerian MLP ETF (NYSEARCA:AMLP)

LPL Financial LLC boosted its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 16.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,801,023 shares of the exchange traded fund’s stock after buying an additional 401,061 shares during the period. LPL Financial LLC’s holdings in Alerian MLP ETF were worth $134,897,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Park Avenue Securities LLC increased its position in shares of Alerian MLP ETF by 38.8% during the fourth quarter. Park Avenue Securities LLC now owns 32,525 shares of the exchange traded fund’s stock worth $1,566,000 after acquiring an additional 9,088 shares in the last quarter. Advisors Asset Management Inc. acquired a new position in Alerian MLP ETF during the 3rd quarter valued at about $65,000. Fisher Asset Management LLC bought a new stake in Alerian MLP ETF during the 4th quarter worth approximately $211,000. Strategic Financial Concepts LLC purchased a new stake in shares of Alerian MLP ETF in the fourth quarter worth approximately $27,000. Finally, Benjamin Edwards Inc. lifted its holdings in shares of Alerian MLP ETF by 123.2% in the third quarter. Benjamin Edwards Inc. now owns 45,452 shares of the exchange traded fund’s stock valued at $2,142,000 after purchasing an additional 25,090 shares in the last quarter.

Alerian MLP ETF Stock Up 0.7 %

Shares of NYSEARCA:AMLP opened at $51.97 on Tuesday. The stock has a market cap of $10.71 billion, a price-to-earnings ratio of 13.99 and a beta of 1.35. The business’s 50 day moving average is $51.61 and its 200 day moving average is $49.27. Alerian MLP ETF has a 12-month low of $44.21 and a 12-month high of $53.24.

Alerian MLP ETF Increases Dividend

The company also recently announced a dividend, which was paid on Tuesday, February 18th. Stockholders of record on Wednesday, February 12th were paid a $0.97 dividend. 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 Company 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.