Moran Wealth Management LLC Grows Position in Alerian MLP ETF (NYSEARCA:AMLP)

Moran Wealth Management LLC grew its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 1.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 29,705 shares of the exchange traded fund’s stock after purchasing an additional 342 shares during the period. Moran Wealth Management LLC’s holdings in Alerian MLP ETF were worth $1,431,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of AMLP. Proficio Capital Partners LLC increased its stake in Alerian MLP ETF by 3,928.2% in the fourth quarter. Proficio Capital Partners LLC now owns 16,224,276 shares of the exchange traded fund’s stock valued at $781,361,000 after acquiring an additional 15,821,509 shares during the last quarter. LPL Financial LLC boosted its holdings 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 worth $113,110,000 after purchasing an additional 275,254 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Alerian MLP ETF in the 4th quarter worth about $104,132,000. Stephens Inc. AR increased its position in shares of Alerian MLP ETF by 9.7% during the 4th quarter. Stephens Inc. AR now owns 1,079,417 shares of the exchange traded fund’s stock valued at $51,985,000 after purchasing an additional 95,191 shares during the last quarter. Finally, Naviter Wealth LLC raised its holdings in shares of Alerian MLP ETF by 22.3% during the 4th quarter. Naviter Wealth LLC now owns 1,072,407 shares of the exchange traded fund’s stock valued at $51,647,000 after buying an additional 195,327 shares in the last quarter.

Alerian MLP ETF Price Performance

NYSEARCA:AMLP opened at $50.65 on Wednesday. Alerian MLP ETF has a 1-year low of $44.21 and a 1-year high of $53.24. The business has a 50 day moving average of $51.12 and a 200 day moving average of $48.96. The company has a market capitalization of $10.42 billion, a price-to-earnings ratio of 14.01 and a beta of 1.38.

Alerian MLP ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, February 18th. Stockholders of record on Wednesday, February 12th were issued 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.

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.