Texas Bank & Trust Co Buys Shares of 4,190 Alerian MLP ETF (NYSEARCA:AMLP)

Texas Bank & Trust Co bought a new stake in Alerian MLP ETF (NYSEARCA:AMLP) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 4,190 shares of the exchange traded fund’s stock, valued at approximately $202,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AMLP. Park Avenue Securities LLC raised its stake in shares of Alerian MLP ETF by 38.8% during the 4th quarter. Park Avenue Securities LLC now owns 32,525 shares of the exchange traded fund’s stock worth $1,566,000 after buying an additional 9,088 shares during the last quarter. Sax Wealth Advisors LLC raised its stake in Alerian MLP ETF by 15.4% in the 4th quarter. Sax Wealth Advisors LLC now owns 5,069 shares of the exchange traded fund’s stock valued at $244,000 after purchasing an additional 676 shares during the last quarter. J2 Capital Management Inc acquired a new position in Alerian MLP ETF in the 4th quarter valued at about $682,000. Diversify Advisory Services LLC raised its stake in Alerian MLP ETF by 34.1% in the 4th quarter. Diversify Advisory Services LLC now owns 7,055 shares of the exchange traded fund’s stock valued at $347,000 after purchasing an additional 1,793 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its stake in Alerian MLP ETF by 808.9% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 7,798 shares of the exchange traded fund’s stock valued at $376,000 after purchasing an additional 6,940 shares during the last quarter.

Alerian MLP ETF Trading Down 0.1%

Shares of AMLP stock opened at $49.14 on Monday. The firm has a 50-day moving average price of $49.30 and a 200 day moving average price of $49.73. Alerian MLP ETF has a twelve month low of $43.75 and a twelve month high of $53.24. The company has a market capitalization of $10.31 billion, a price-to-earnings ratio of 12.85 and a beta of 0.68.

Alerian MLP ETF Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 19th. Investors of record on Wednesday, May 14th will be paid a $0.98 dividend. This is an increase from Alerian MLP ETF’s previous quarterly dividend of $0.95. This represents a $3.92 annualized dividend and a yield of 7.98%.

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.