Fiduciary Financial Group LLC Takes $767,000 Position in Alerian MLP ETF $AMLP

Fiduciary Financial Group LLC purchased a new position in shares of Alerian MLP ETF (NYSEARCA:AMLP) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 16,313 shares of the exchange traded fund’s stock, valued at approximately $767,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. REAP Financial Group LLC raised its holdings in Alerian MLP ETF by 2,000.0% in the 3rd quarter. REAP Financial Group LLC now owns 525 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 500 shares during the period. Manchester Capital Management LLC purchased a new position in Alerian MLP ETF during the second quarter worth about $29,000. GAMMA Investing LLC increased its position in shares of Alerian MLP ETF by 213.9% during the third quarter. GAMMA Investing LLC now owns 653 shares of the exchange traded fund’s stock valued at $31,000 after acquiring an additional 445 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. increased its position in shares of Alerian MLP ETF by 136.3% during the third quarter. MJT & Associates Financial Advisory Group Inc. now owns 945 shares of the exchange traded fund’s stock valued at $44,000 after acquiring an additional 545 shares during the last quarter. Finally, HM Payson & Co. purchased a new stake in shares of Alerian MLP ETF in the 3rd quarter valued at approximately $47,000.

Alerian MLP ETF Stock Performance

Shares of AMLP stock opened at $53.53 on Wednesday. The firm’s 50 day moving average price is $51.18 and its 200-day moving average price is $48.48. Alerian MLP ETF has a one year low of $43.75 and a one year high of $54.03. The firm has a market cap of $12.06 billion, a P/E ratio of 14.17 and a beta of 0.70.

Alerian MLP ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Wednesday, February 11th were issued a $1.01 dividend. This is a boost from Alerian MLP ETF’s previous quarterly dividend of $1.00. The ex-dividend date was Wednesday, February 11th. This represents a $4.04 annualized dividend and a yield of 7.5%.

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).