Larson Financial Group LLC Reduces Stake in Alerian MLP ETF (NYSEARCA:AMLP)

Larson Financial Group LLC lowered its position in Alerian MLP ETF (NYSEARCA:AMLP) by 31.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,837 shares of the exchange traded fund’s stock after selling 1,800 shares during the period. Larson Financial Group LLC’s holdings in Alerian MLP ETF were worth $185,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Proficio Capital Partners LLC boosted its position in Alerian MLP ETF by 3,928.2% in the fourth quarter. Proficio Capital Partners LLC now owns 16,224,276 shares of the exchange traded fund’s stock valued at $781,361,000 after buying an additional 15,821,509 shares during the last quarter. LPL Financial LLC boosted its position in Alerian MLP ETF by 13.0% in the third quarter. LPL Financial LLC now owns 2,399,962 shares of the exchange traded fund’s stock valued at $113,110,000 after buying an additional 275,254 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Alerian MLP ETF in the fourth quarter valued at approximately $104,132,000. Stephens Inc. AR boosted its position in Alerian MLP ETF by 9.7% in the fourth quarter. Stephens Inc. AR now owns 1,079,417 shares of the exchange traded fund’s stock valued at $51,985,000 after buying an additional 95,191 shares during the last quarter. Finally, HighTower Advisors LLC boosted its position in Alerian MLP ETF by 10.7% in the third quarter. HighTower Advisors LLC now owns 872,018 shares of the exchange traded fund’s stock valued at $41,091,000 after buying an additional 83,961 shares during the last quarter.

Alerian MLP ETF Stock Up 0.3 %

Shares of NYSEARCA AMLP opened at $50.65 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 $10.42 billion, a P/E ratio of 14.01 and a beta of 1.38. The business’s 50 day moving average price is $51.12 and its 200 day moving average price is $48.96.

Alerian MLP ETF Increases Dividend

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