Howard Wealth Management LLC Has $534,000 Position in Alerian MLP ETF (NYSEARCA:AMLP)

Howard Wealth Management LLC increased its position in Alerian MLP ETF (NYSEARCA:AMLP) by 18.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,097 shares of the exchange traded fund’s stock after buying an additional 1,760 shares during the period. Howard Wealth Management LLC’s holdings in Alerian MLP ETF were worth $534,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. LPL Financial LLC increased its holdings in Alerian MLP ETF by 13.0% in the third quarter. LPL Financial LLC now owns 2,399,962 shares of the exchange traded fund’s stock worth $113,110,000 after buying an additional 275,254 shares during the last quarter. Stephens Inc. AR increased its holdings in Alerian MLP ETF by 9.7% in the fourth quarter. Stephens Inc. AR now owns 1,079,417 shares of the exchange traded fund’s stock worth $51,985,000 after buying an additional 95,191 shares during the last quarter. Raymond James & Associates increased its holdings in Alerian MLP ETF by 2.4% in the third quarter. Raymond James & Associates now owns 1,061,519 shares of the exchange traded fund’s stock worth $50,029,000 after buying an additional 24,674 shares during the last quarter. HighTower Advisors LLC increased its holdings in Alerian MLP ETF by 10.7% in the third quarter. HighTower Advisors LLC now owns 872,018 shares of the exchange traded fund’s stock worth $41,091,000 after buying an additional 83,961 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in Alerian MLP ETF by 3.0% in the third quarter. Commonwealth Equity Services LLC now owns 685,962 shares of the exchange traded fund’s stock worth $32,329,000 after buying an additional 20,243 shares during the last quarter.

Alerian MLP ETF Stock Performance

NYSEARCA:AMLP opened at $51.57 on Friday. The company has a market capitalization of $9.28 billion, a P/E ratio of 13.08 and a beta of 0.48. The stock’s 50 day moving average price is $50.11 and its 200 day moving average price is $48.37. Alerian MLP ETF has a 52 week low of $43.59 and a 52 week high of $53.24.

Alerian MLP ETF Increases Dividend

The business also recently declared a dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Wednesday, February 12th will be issued a dividend of $0.97 per share. The ex-dividend date is Wednesday, February 12th. This is an increase from Alerian MLP ETF’s previous dividend of $0.94.

Alerian MLP ETF 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.