Edge Capital Group LLC Raises Holdings in Alerian MLP ETF (NYSEARCA:AMLP)

Edge Capital Group LLC grew its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 43.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 7,993 shares of the exchange traded fund’s stock after buying an additional 2,421 shares during the quarter. Edge Capital Group LLC’s holdings in Alerian MLP ETF were worth $385,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Strategic Financial Concepts LLC acquired a new position in shares of Alerian MLP ETF during the fourth quarter worth $27,000. Ashton Thomas Securities LLC acquired a new position in shares of Alerian MLP ETF during the 3rd quarter worth about $28,000. City State Bank acquired a new position in shares of Alerian MLP ETF during the 4th quarter worth about $40,000. Advisors Asset Management Inc. purchased a new position in shares of Alerian MLP ETF in the 3rd quarter valued at about $65,000. Finally, Rosenberg Matthew Hamilton raised its position in shares of Alerian MLP ETF by 803.5% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 1,545 shares of the exchange traded fund’s stock worth $73,000 after acquiring an additional 1,374 shares in the last quarter.

Alerian MLP ETF Stock Down 0.6 %

AMLP stock opened at $51.41 on Tuesday. The business has a 50 day moving average price of $50.47 and a 200 day moving average price of $48.59. The stock has a market cap of $9.25 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a fifty-two week low of $44.21 and a fifty-two week high of $53.24.

Alerian MLP ETF Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, February 18th. Stockholders of record on Wednesday, February 12th were issued a $0.97 dividend. This is a boost from Alerian MLP ETF’s previous dividend of $0.94. The ex-dividend date of this dividend was 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.