Denali Advisors LLC Raises Stock Position in Alerian MLP ETF (NYSEARCA:AMLP)

Denali Advisors LLC grew its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 0.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 148,388 shares of the exchange traded fund’s stock after acquiring an additional 343 shares during the period. Alerian MLP ETF comprises about 0.7% of Denali Advisors LLC’s investment portfolio, making the stock its 26th biggest position. Denali Advisors LLC owned about 0.08% of Alerian MLP ETF worth $7,146,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Park Avenue Securities LLC grew its stake in 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 valued at $1,566,000 after acquiring an additional 9,088 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of 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 valued at $927,000 after purchasing an additional 16,560 shares during the last quarter. Advisors Asset Management Inc. purchased a new position in shares of Alerian MLP ETF during the third quarter valued at about $65,000. Strategic Financial Concepts LLC bought a new stake in shares of Alerian MLP ETF in the fourth quarter worth about $27,000. Finally, Benjamin Edwards Inc. increased 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 worth $2,142,000 after purchasing an additional 25,090 shares during the last quarter.

Alerian MLP ETF Trading Down 0.3 %

Shares of Alerian MLP ETF stock opened at $51.26 on Wednesday. Alerian MLP ETF has a 12 month low of $44.21 and a 12 month high of $53.24. The stock has a 50 day moving average of $50.53 and a 200 day moving average of $48.63. The firm has a market cap of $10.55 billion, a PE ratio of 14.01 and a beta of 1.38.

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 given a dividend of $0.97 per share. This is an increase from Alerian MLP ETF’s previous dividend of $0.94. The ex-dividend date was Wednesday, February 12th.

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.