Kovack Advisors Inc. Purchases 4,228 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

Kovack Advisors Inc. raised its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 41.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,391 shares of the exchange traded fund’s stock after purchasing an additional 4,228 shares during the quarter. Kovack Advisors Inc.’s holdings in Alerian MLP ETF were worth $693,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. LPL Financial LLC raised its stake in shares of Alerian MLP ETF by 13.0% in the third quarter. LPL Financial LLC now owns 2,399,962 shares of the exchange traded fund’s stock worth $113,110,000 after purchasing an additional 275,254 shares during the last quarter. Stephens Inc. AR raised its position in Alerian MLP ETF by 9.7% in the 4th quarter. Stephens Inc. AR now owns 1,079,417 shares of the exchange traded fund’s stock worth $51,985,000 after buying an additional 95,191 shares during the last quarter. HighTower Advisors LLC raised its position in Alerian MLP ETF by 10.7% in the 3rd quarter. HighTower Advisors LLC now owns 872,018 shares of the exchange traded fund’s stock worth $41,091,000 after buying an additional 83,961 shares during the last quarter. Hilton Capital Management LLC bought a new position in Alerian MLP ETF during the 3rd quarter valued at about $31,562,000. Finally, EP Wealth Advisors LLC boosted its holdings in shares of Alerian MLP ETF by 10,423.5% during 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 acquiring an additional 506,582 shares during the last quarter.

Alerian MLP ETF Stock Down 0.2 %

Shares of AMLP stock opened at $51.29 on Friday. The company has a 50 day moving average price of $50.70 and a 200-day moving average price of $48.67. Alerian MLP ETF has a 52 week low of $44.21 and a 52 week high of $53.24. The firm has a market capitalization of $10.56 billion, a PE ratio of 14.01 and a beta of 1.38.

Alerian MLP ETF Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, February 18th. Shareholders of record on Wednesday, February 12th were given a $0.97 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This is an increase from Alerian MLP ETF’s previous dividend of $0.94.

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.