Stratos Wealth Partners LTD. Raises Position in Alerian MLP ETF $AMLP

Stratos Wealth Partners LTD. grew its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 30.0% during the third quarter, HoldingsChannel reports. The institutional investor owned 51,080 shares of the exchange traded fund’s stock after purchasing an additional 11,787 shares during the period. Stratos Wealth Partners LTD.’s holdings in Alerian MLP ETF were worth $2,397,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in AMLP. Bank of America Corp DE lifted its position in Alerian MLP ETF by 0.7% in the 2nd quarter. Bank of America Corp DE now owns 8,453,389 shares of the exchange traded fund’s stock valued at $413,033,000 after acquiring an additional 54,835 shares in the last quarter. Allen Investment Management LLC raised its stake in shares of Alerian MLP ETF by 9.1% in the third quarter. Allen Investment Management LLC now owns 3,501,325 shares of the exchange traded fund’s stock worth $164,317,000 after purchasing an additional 291,011 shares during the last quarter. Raymond James Financial Inc. raised its stake in shares of Alerian MLP ETF by 5.9% in the second quarter. Raymond James Financial Inc. now owns 2,715,784 shares of the exchange traded fund’s stock worth $132,693,000 after purchasing an additional 152,451 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Alerian MLP ETF by 19.2% during the second quarter. Ameriprise Financial Inc. now owns 1,634,868 shares of the exchange traded fund’s stock valued at $79,886,000 after purchasing an additional 262,817 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in shares of Alerian MLP ETF by 14.3% during the third quarter. Envestnet Asset Management Inc. now owns 1,273,417 shares of the exchange traded fund’s stock valued at $59,761,000 after buying an additional 159,747 shares during the last quarter.

Alerian MLP ETF Stock Performance

Shares of NYSEARCA:AMLP opened at $51.31 on Friday. Alerian MLP ETF has a fifty-two week low of $43.75 and a fifty-two week high of $52.58. The business has a 50-day simple moving average of $48.53 and a two-hundred day simple moving average of $47.80. The firm has a market cap of $11.56 billion, a price-to-earnings ratio of 14.17 and a beta of 0.70.

Alerian MLP ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Wednesday, February 11th will be issued a dividend of $1.01 per share. The ex-dividend date of this dividend is Wednesday, February 11th. This is a positive change from Alerian MLP ETF’s previous quarterly dividend of $1.00. This represents a $4.04 annualized dividend and a dividend yield of 7.9%.

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. The Index is comprised of 25 energy infrastructure MLPs. The fund will invest at least 90% of its total assets in securities, which comprise the Index (or depositary receipts based on such securities).