Crestwood Advisors Group LLC Invests $341,000 in Alerian MLP ETF (NYSEARCA:AMLP)

Crestwood Advisors Group LLC bought a new position in shares of Alerian MLP ETF (NYSEARCA:AMLP) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 7,075 shares of the exchange traded fund’s stock, valued at approximately $341,000.

A number of other hedge funds also recently modified their holdings of AMLP. Hilton Capital Management LLC acquired a new stake in shares of Alerian MLP ETF during the 3rd quarter worth about $31,562,000. EP Wealth Advisors LLC lifted its stake in shares of Alerian MLP ETF by 10,423.5% during the 3rd quarter. EP Wealth Advisors LLC now owns 511,442 shares of the exchange traded fund’s stock worth $24,104,000 after buying an additional 506,582 shares during the last quarter. LPL Financial LLC increased its position in Alerian MLP ETF by 13.0% during the third quarter. LPL Financial LLC now owns 2,399,962 shares of the exchange traded fund’s stock worth $113,110,000 after acquiring an additional 275,254 shares during the period. Crescent Grove Advisors LLC bought a new position in Alerian MLP ETF during the fourth quarter worth about $12,868,000. Finally, Fiduciary Family Office LLC bought a new position in Alerian MLP ETF during the fourth quarter worth about $11,851,000.

Alerian MLP ETF Stock Performance

NYSEARCA:AMLP opened at $51.26 on Wednesday. Alerian MLP ETF has a 52 week low of $44.21 and a 52 week high of $53.24. The firm has a market cap of $10.55 billion, a price-to-earnings ratio of 14.01 and a beta of 1.38. The firm’s 50-day simple moving average is $50.53 and its 200 day simple moving average is $48.63.

Alerian MLP ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, February 18th. Investors 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.