SAM Advisors LLC Makes New $2.61 Million Investment in Alerian MLP ETF (NYSEARCA:AMLP)

SAM Advisors LLC acquired a new position in shares of Alerian MLP ETF (NYSEARCA:AMLP) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 54,319 shares of the exchange traded fund’s stock, valued at approximately $2,614,000. Alerian MLP ETF accounts for approximately 0.9% of SAM Advisors LLC’s portfolio, making the stock its 19th largest position.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Hilton Capital Management LLC bought a new position in shares of Alerian MLP ETF in the 3rd quarter valued at $31,562,000. EP Wealth Advisors LLC increased its stake in shares of Alerian MLP ETF by 10,423.5% in the 3rd quarter. EP Wealth Advisors LLC now owns 511,442 shares of the exchange traded fund’s stock valued at $24,104,000 after purchasing an additional 506,582 shares during the last quarter. LPL Financial LLC increased its stake in shares of 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 valued at $113,110,000 after purchasing an additional 275,254 shares during the last quarter. Crescent Grove Advisors LLC bought a new position in shares of Alerian MLP ETF in the 4th quarter valued at $12,868,000. Finally, Fiduciary Family Office LLC bought a new position in shares of Alerian MLP ETF in the 4th quarter valued at $11,851,000.

Alerian MLP ETF Stock Performance

Shares of AMLP opened at $51.71 on Friday. Alerian MLP ETF has a 52-week low of $44.21 and a 52-week high of $53.24. The business’s fifty day moving average is $50.40 and its 200-day moving average is $48.53. The firm has a market cap of $9.30 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48.

Alerian MLP ETF Increases Dividend

The firm also recently declared 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.