Red Crane Wealth Management LLC Makes New $610,000 Investment in Alerian MLP ETF (NYSEARCA:AMLP)

Red Crane Wealth Management LLC bought a new stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 12,659 shares of the exchange traded fund’s stock, valued at approximately $610,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Strategic Financial Concepts LLC bought a new stake in Alerian MLP ETF in the fourth quarter worth $27,000. Ashton Thomas Securities LLC purchased a new stake in Alerian MLP ETF during the 3rd quarter valued at about $28,000. City State Bank purchased a new position in Alerian MLP ETF in the fourth quarter worth about $40,000. Advisors Asset Management Inc. purchased a new stake in shares of Alerian MLP ETF during the third quarter valued at approximately $65,000. Finally, Rosenberg Matthew Hamilton increased its position in shares of Alerian MLP ETF by 803.5% during the third quarter. Rosenberg Matthew Hamilton now owns 1,545 shares of the exchange traded fund’s stock valued at $73,000 after acquiring an additional 1,374 shares in the last quarter.

Alerian MLP ETF Stock Down 0.3 %

Shares of NYSEARCA AMLP opened at $51.26 on Wednesday. The firm has a market cap of $10.55 billion, a P/E ratio of 14.01 and a beta of 1.38. The company has a 50 day moving average of $50.53 and a 200 day moving average of $48.63. Alerian MLP ETF has a twelve month low of $44.21 and a twelve month high of $53.24.

Alerian MLP ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, February 18th. Investors of record on Wednesday, February 12th were given a dividend of $0.97 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This is a boost 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.