Bard Associates Inc. Buys 1,912 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

Bard Associates Inc. grew its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 23.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,135 shares of the exchange traded fund’s stock after purchasing an additional 1,912 shares during the quarter. Bard Associates Inc.’s holdings in Alerian MLP ETF were worth $488,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Strategic Financial Concepts LLC purchased a new stake in shares of Alerian MLP ETF in the 4th quarter worth about $27,000. Ashton Thomas Securities LLC purchased a new stake in shares of Alerian MLP ETF in the 3rd quarter worth about $28,000. City State Bank purchased a new stake in shares of Alerian MLP ETF in the 4th quarter worth about $40,000. Advisors Asset Management Inc. purchased a new stake in shares of Alerian MLP ETF in the 3rd quarter worth about $65,000. Finally, Geneos Wealth Management Inc. grew its position 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 during the period.

Alerian MLP ETF Price Performance

NYSEARCA:AMLP opened at $51.57 on Tuesday. The firm’s 50-day moving average price is $50.86 and its 200-day moving average price is $48.81. The company has a market capitalization of $10.61 billion, a PE ratio of 14.01 and a beta of 1.38. 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 firm also recently announced a dividend, which was paid on Tuesday, February 18th. Stockholders of record on Wednesday, February 12th were given a $0.97 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This is an increase from Alerian MLP ETF’s previous dividend of $0.94.

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.