Global Retirement Partners LLC Acquires 39,512 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

Global Retirement Partners LLC grew its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 65.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,247 shares of the exchange traded fund’s stock after buying an additional 39,512 shares during the quarter. Global Retirement Partners LLC owned approximately 0.06% of Alerian MLP ETF worth $4,828,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Park Avenue Securities LLC lifted its position in Alerian MLP ETF by 38.8% during the 4th quarter. Park Avenue Securities LLC now owns 32,525 shares of the exchange traded fund’s stock worth $1,566,000 after buying an additional 9,088 shares in the last quarter. Farther Finance Advisors LLC lifted its position in Alerian MLP ETF by 532.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 19,668 shares of the exchange traded fund’s stock worth $927,000 after buying an additional 16,560 shares in the last quarter. Advisors Asset Management Inc. bought a new stake in Alerian MLP ETF during the 3rd quarter worth about $65,000. Strategic Financial Concepts LLC bought a new stake in Alerian MLP ETF during the 4th quarter worth about $27,000. Finally, Benjamin Edwards Inc. lifted its position in Alerian MLP ETF by 123.2% during the 3rd quarter. Benjamin Edwards Inc. now owns 45,452 shares of the exchange traded fund’s stock worth $2,142,000 after buying an additional 25,090 shares in the last quarter.

Alerian MLP ETF Price Performance

Alerian MLP ETF stock opened at $52.16 on Thursday. The firm has a market capitalization of $9.38 billion, a PE ratio of 13.08 and a beta of 0.48. The company’s 50-day moving average is $50.29 and its 200-day moving average is $48.46. Alerian MLP ETF has a fifty-two week low of $44.21 and a fifty-two week high of $53.24.

Alerian MLP ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, February 18th. Stockholders 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 positive change from Alerian MLP ETF’s previous dividend of $0.94.

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.