Raab & Moskowitz Asset Management LLC Has $851,000 Holdings in Alerian MLP ETF (NYSEARCA:AMLP)

Raab & Moskowitz Asset Management LLC grew its position in Alerian MLP ETF (NYSEARCA:AMLP) by 3.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 17,668 shares of the exchange traded fund’s stock after purchasing an additional 594 shares during the period. Raab & Moskowitz Asset Management LLC’s holdings in Alerian MLP ETF were worth $851,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Strategic Financial Concepts LLC purchased a new position in shares of Alerian MLP ETF during the fourth quarter valued at $27,000. Ashton Thomas Securities LLC acquired a new stake in Alerian MLP ETF during the 3rd quarter worth about $28,000. City State Bank purchased a new position in Alerian MLP ETF during the 4th quarter valued at about $40,000. ORG Wealth Partners LLC purchased a new position in Alerian MLP ETF during the 3rd quarter valued at about $41,000. Finally, Advisors Asset Management Inc. acquired a new position in shares of Alerian MLP ETF in the 3rd quarter valued at about $65,000.

Alerian MLP ETF Price Performance

NYSEARCA AMLP opened at $50.38 on Thursday. The firm has a market capitalization of $9.06 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. The company has a 50 day simple moving average of $50.06 and a 200-day simple moving average of $48.33. Alerian MLP ETF has a 52-week low of $43.29 and a 52-week high of $53.24.

Alerian MLP ETF Increases Dividend

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

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.