Alerian MLP ETF (NYSEARCA:AMLP) Position Boosted by Islay Capital Management LLC

Islay Capital Management LLC raised its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 2.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,841 shares of the exchange traded fund’s stock after acquiring an additional 444 shares during the period. Islay Capital Management LLC’s holdings in Alerian MLP ETF were worth $1,052,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in AMLP. Mark Sheptoff Financial Planning LLC lifted its stake in shares of Alerian MLP ETF by 400.0% in the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 625 shares of the exchange traded fund’s stock worth $30,000 after acquiring an additional 500 shares during the period. 1620 Investment Advisors Inc. acquired a new stake in Alerian MLP ETF in the fourth quarter worth approximately $38,000. City State Bank bought a new position in Alerian MLP ETF during the 4th quarter valued at $40,000. Flagship Wealth Advisors LLC acquired a new position in shares of Alerian MLP ETF during the 4th quarter valued at $63,000. Finally, Geneos Wealth Management Inc. raised its stake in shares of Alerian MLP ETF by 159.5% in the 4th quarter. Geneos Wealth Management Inc. now owns 1,570 shares of the exchange traded fund’s stock worth $76,000 after buying an additional 965 shares in the last quarter.

Alerian MLP ETF Stock Down 7.1 %

Shares of Alerian MLP ETF stock opened at $47.02 on Friday. The business has a fifty day simple moving average of $51.56 and a 200-day simple moving average of $49.52. Alerian MLP ETF has a fifty-two week low of $44.21 and a fifty-two week high of $53.24. The firm has a market cap of $9.75 billion, a price-to-earnings ratio of 14.02 and a beta of 0.99.

Alerian MLP ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, February 18th. Stockholders of record on Wednesday, February 12th were given a dividend of $0.97 per share. This is a positive change from Alerian MLP ETF’s previous dividend of $0.94. The ex-dividend date of this dividend was Wednesday, February 12th.

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.