Auour Investments LLC Has $877,000 Stake in Alerian MLP ETF (NYSEARCA:AMLP)

Auour Investments LLC increased its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 1.2% during the first quarter, Holdings Channel.com reports. The institutional investor owned 18,171 shares of the exchange traded fund’s stock after purchasing an additional 223 shares during the period. Auour Investments LLC’s holdings in Alerian MLP ETF were worth $877,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Bank of America Corp DE increased its holdings in shares of Alerian MLP ETF by 16.3% in the fourth quarter. Bank of America Corp DE now owns 8,235,482 shares of the exchange traded fund’s stock valued at $396,621,000 after purchasing an additional 1,156,735 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Alerian MLP ETF by 19.4% in the fourth quarter. Wells Fargo & Company MN now owns 6,299,345 shares of the exchange traded fund’s stock valued at $303,376,000 after purchasing an additional 1,023,323 shares during the last quarter. Aurora Private Wealth Inc. increased its holdings in shares of Alerian MLP ETF by 1,737.3% in the first quarter. Aurora Private Wealth Inc. now owns 520,327 shares of the exchange traded fund’s stock valued at $27,026,000 after purchasing an additional 492,007 shares during the last quarter. D. E. Shaw & Co. Inc. increased its holdings in shares of Alerian MLP ETF by 1,482.0% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 499,667 shares of the exchange traded fund’s stock valued at $24,064,000 after purchasing an additional 468,083 shares during the last quarter. Finally, LPL Financial LLC increased its holdings in shares of Alerian MLP ETF by 16.7% in the fourth quarter. LPL Financial LLC now owns 2,801,023 shares of the exchange traded fund’s stock valued at $134,897,000 after purchasing an additional 401,061 shares during the last quarter.

Alerian MLP ETF Price Performance

NYSEARCA:AMLP opened at $48.82 on Friday. Alerian MLP ETF has a one year low of $43.75 and a one year high of $53.24. The company has a market cap of $10.49 billion, a P/E ratio of 14.17 and a beta of 1.42. The firm’s fifty day moving average price is $48.59 and its two-hundred day moving average price is $49.69.

Alerian MLP ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 19th. Shareholders of record on Wednesday, May 14th were issued 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 dividend yield of 8.03%.

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.