L & S Advisors Inc Increases Stake in Alerian MLP ETF (NYSEARCA:AMLP)

L & S Advisors Inc boosted its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 107.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 148,044 shares of the exchange traded fund’s stock after purchasing an additional 76,846 shares during the period. L & S Advisors Inc’s holdings in Alerian MLP ETF were worth $7,130,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Strategic Financial Concepts LLC purchased a new stake in Alerian MLP ETF in the fourth quarter valued at $27,000. Mark Sheptoff Financial Planning LLC lifted its holdings in Alerian MLP ETF by 400.0% in the fourth 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 during the period. 1620 Investment Advisors Inc. purchased a new stake in Alerian MLP ETF in the 4th quarter worth approximately $38,000. City State Bank acquired a new stake in shares of Alerian MLP ETF during the 4th quarter worth approximately $40,000. Finally, Flagship Wealth Advisors LLC purchased a new position in shares of Alerian MLP ETF during the 4th quarter valued at approximately $63,000.

Alerian MLP ETF Stock Performance

Shares of NYSEARCA AMLP opened at $52.07 on Friday. The company has a market capitalization of $10.73 billion, a PE ratio of 13.99 and a beta of 1.35. The company’s fifty day moving average price is $51.68 and its 200 day moving average price is $49.39. Alerian MLP ETF has a 1 year low of $44.21 and a 1 year high of $53.24.

Alerian MLP ETF Increases Dividend

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

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.