AssuredPartners Investment Advisors LLC Buys Shares of 10,482 Alerian MLP ETF (NYSEARCA:AMLP)

AssuredPartners Investment Advisors LLC bought a new position in Alerian MLP ETF (NYSEARCA:AMLP) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 10,482 shares of the exchange traded fund’s stock, valued at approximately $505,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. JPMorgan Chase & Co. boosted its holdings in shares of Alerian MLP ETF by 22.6% during the fourth quarter. JPMorgan Chase & Co. now owns 65,240 shares of the exchange traded fund’s stock worth $3,142,000 after purchasing an additional 12,026 shares during the period. Tyler Stone Wealth Management boosted its stake in shares of Alerian MLP ETF by 1.7% during the 4th quarter. Tyler Stone Wealth Management now owns 21,801 shares of the exchange traded fund’s stock valued at $1,050,000 after buying an additional 359 shares during the period. Mark Sheptoff Financial Planning LLC grew its holdings in shares of Alerian MLP ETF by 400.0% during the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 625 shares of the exchange traded fund’s stock valued at $30,000 after acquiring an additional 500 shares in the last quarter. TIAA Trust National Association increased its stake in shares of Alerian MLP ETF by 5.5% in the fourth quarter. TIAA Trust National Association now owns 911,727 shares of the exchange traded fund’s stock worth $43,811,000 after acquiring an additional 47,290 shares during the last quarter. Finally, LPL Financial LLC raised its holdings in shares of Alerian MLP ETF by 16.7% during the fourth quarter. LPL Financial LLC now owns 2,801,023 shares of the exchange traded fund’s stock worth $134,897,000 after acquiring an additional 401,061 shares in the last quarter.

Alerian MLP ETF Trading Down 0.3 %

AMLP opened at $52.04 on Friday. The stock has a fifty day moving average price of $51.67 and a 200 day moving average price of $49.35. Alerian MLP ETF has a 1 year low of $44.21 and a 1 year high of $53.24. The stock has a market cap of $10.72 billion, a price-to-earnings ratio of 13.99 and a beta of 1.35.

Alerian MLP ETF Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, February 18th. Investors of record on Wednesday, February 12th were paid a $0.97 dividend. This is a boost from Alerian MLP ETF’s previous dividend of $0.94. The ex-dividend date of this dividend was Wednesday, February 12th.

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.