Alerian MLP ETF $AMLP Shares Purchased by Wealth Alliance LLC

Wealth Alliance LLC boosted its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 7.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 293,463 shares of the exchange traded fund’s stock after acquiring an additional 20,137 shares during the quarter. Alerian MLP ETF accounts for approximately 1.4% of Wealth Alliance LLC’s investment portfolio, making the stock its 13th biggest position. Wealth Alliance LLC’s holdings in Alerian MLP ETF were worth $13,772,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Americana Partners LLC lifted its holdings in Alerian MLP ETF by 68.8% during the 2nd quarter. Americana Partners LLC now owns 21,758 shares of the exchange traded fund’s stock worth $1,063,000 after buying an additional 8,871 shares in the last quarter. Oxbow Advisors LLC increased its position in shares of Alerian MLP ETF by 11.5% during the third quarter. Oxbow Advisors LLC now owns 202,356 shares of the exchange traded fund’s stock worth $9,497,000 after acquiring an additional 20,800 shares during the period. Ball & Co Wealth Management Inc. raised its stake in shares of Alerian MLP ETF by 6.8% in the third quarter. Ball & Co Wealth Management Inc. now owns 216,829 shares of the exchange traded fund’s stock valued at $10,175,000 after acquiring an additional 13,843 shares in the last quarter. Ashton Thomas Private Wealth LLC boosted its holdings in Alerian MLP ETF by 79.6% in the third quarter. Ashton Thomas Private Wealth LLC now owns 47,417 shares of the exchange traded fund’s stock valued at $2,225,000 after purchasing an additional 21,021 shares during the period. Finally, Investment House LLC acquired a new position in Alerian MLP ETF during the 3rd quarter worth $735,000.

Alerian MLP ETF Price Performance

Shares of NYSEARCA AMLP opened at $51.58 on Friday. The company has a market cap of $11.62 billion, a price-to-earnings ratio of 14.17 and a beta of 0.70. The stock’s 50-day moving average is $48.85 and its two-hundred day moving average is $47.86. Alerian MLP ETF has a 1-year low of $43.75 and a 1-year high of $52.58.

Alerian MLP ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Wednesday, February 11th were paid a dividend of $1.01 per share. The ex-dividend date was Wednesday, February 11th. This is a positive change from Alerian MLP ETF’s previous quarterly dividend of $1.00. This represents a $4.04 dividend on an annualized basis and a dividend yield of 7.8%.

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).