Edgemoor Investment Advisors Inc. Takes $214,000 Position in Alerian MLP ETF (NYSEARCA:AMLP)

Edgemoor Investment Advisors Inc. purchased a new stake in Alerian MLP ETF (NYSEARCA:AMLP) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,450 shares of the exchange traded fund’s stock, valued at approximately $214,000.

Several other institutional investors and hedge funds also recently made changes to their positions in AMLP. Proficio Capital Partners LLC increased its stake in shares of 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 buying an additional 15,821,509 shares during the period. Raymond James Financial Inc. acquired a new stake in Alerian MLP ETF during the fourth quarter worth approximately $104,132,000. Hilton Capital Management LLC acquired a new stake in Alerian MLP ETF during the third quarter worth approximately $31,562,000. EP Wealth Advisors LLC grew its stake in Alerian MLP ETF by 10,423.5% during the third quarter. EP Wealth Advisors LLC now owns 511,442 shares of the exchange traded fund’s stock worth $24,104,000 after purchasing an additional 506,582 shares during the period. Finally, LPL Financial LLC grew its stake in Alerian MLP ETF by 13.0% during the third 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 during the period.

Alerian MLP ETF Price Performance

NYSEARCA AMLP opened at $51.49 on Monday. The business has a 50 day simple moving average of $51.26 and a 200 day simple moving average of $49.06. Alerian MLP ETF has a one year low of $44.21 and a one year high of $53.24. The stock has a market capitalization of $10.61 billion, a P/E ratio of 13.99 and a beta of 1.35.

Alerian MLP ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, February 18th. Investors of record on Wednesday, February 12th were paid a dividend of $0.97 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This is a boost 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.