Wealth Enhancement Advisory Services LLC Purchases 547 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

Wealth Enhancement Advisory Services LLC increased its position in Alerian MLP ETF (NYSEARCA:AMLP) by 0.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 338,773 shares of the exchange traded fund’s stock after purchasing an additional 547 shares during the quarter. Wealth Enhancement Advisory Services LLC owned approximately 0.16% of Alerian MLP ETF worth $16,315,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Capital Investment Advisory Services LLC lifted its holdings in Alerian MLP ETF by 2.8% during the fourth quarter. Capital Investment Advisory Services LLC now owns 8,024 shares of the exchange traded fund’s stock worth $386,000 after buying an additional 222 shares during the period. Allred Capital Management LLC lifted its holdings in Alerian MLP ETF by 3.1% during the fourth quarter. Allred Capital Management LLC now owns 8,152 shares of the exchange traded fund’s stock worth $393,000 after buying an additional 246 shares during the period. Auour Investments LLC lifted its holdings in Alerian MLP ETF by 1.4% during the fourth quarter. Auour Investments LLC now owns 17,948 shares of the exchange traded fund’s stock worth $926,000 after buying an additional 249 shares during the period. Savant Capital LLC lifted its holdings in Alerian MLP ETF by 1.0% during the fourth quarter. Savant Capital LLC now owns 26,171 shares of the exchange traded fund’s stock worth $1,260,000 after buying an additional 255 shares during the period. Finally, Kathleen S. Wright Associates Inc. lifted its holdings in Alerian MLP ETF by 17.1% during the fourth quarter. Kathleen S. Wright Associates Inc. now owns 1,810 shares of the exchange traded fund’s stock worth $87,000 after buying an additional 264 shares during the period.

Alerian MLP ETF Stock Down 0.4%

Alerian MLP ETF stock opened at $47.86 on Friday. The business has a fifty day moving average of $48.63 and a two-hundred day moving average of $49.75. The firm has a market cap of $10.04 billion, a P/E ratio of 12.85 and a beta of 0.68. Alerian MLP ETF has a twelve month low of $43.75 and a twelve month high of $53.24.

Alerian MLP ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, May 19th. Shareholders of record on Wednesday, May 14th were issued a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a yield of 8.19%. This is a positive change from Alerian MLP ETF’s previous quarterly dividend of $0.95.

Alerian MLP ETF 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.