one8zero8 LLC Acquires New Position in Alerian MLP ETF (NYSEARCA:AMLP)

one8zero8 LLC acquired a new stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 16,400 shares of the exchange traded fund’s stock, valued at approximately $790,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AMLP. Proficio Capital Partners LLC increased its position in Alerian MLP ETF by 3,928.2% during the 4th quarter. Proficio Capital Partners LLC now owns 16,224,276 shares of the exchange traded fund’s stock valued at $781,361,000 after purchasing an additional 15,821,509 shares during the period. Raymond James Financial Inc. purchased a new position in Alerian MLP ETF during the 4th quarter valued at about $104,132,000. Hilton Capital Management LLC purchased a new position in Alerian MLP ETF during the 3rd quarter valued at about $31,562,000. EP Wealth Advisors LLC increased its position in 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 purchasing an additional 506,582 shares during the period. Finally, LPL Financial LLC increased its position in Alerian MLP ETF by 13.0% during the 3rd quarter. LPL Financial LLC now owns 2,399,962 shares of the exchange traded fund’s stock valued at $113,110,000 after purchasing an additional 275,254 shares during the period.

Alerian MLP ETF Stock Up 2.1 %

Shares of Alerian MLP ETF stock opened at $51.49 on Friday. The firm’s 50 day moving average price is $51.26 and its 200-day moving average price is $49.04. Alerian MLP ETF has a 52-week low of $44.21 and a 52-week high of $53.24. The company has a market cap of $10.61 billion, a P/E ratio of 13.99 and a beta of 1.35.

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 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.

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.