12,659 Shares in Alerian MLP ETF (NYSEARCA:AMLP) Acquired by Red Crane Wealth Management LLC

Red Crane Wealth Management LLC bought a new stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 12,659 shares of the exchange traded fund’s stock, valued at approximately $610,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. LPL Financial LLC lifted its holdings 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 acquiring an additional 275,254 shares during the period. Stephens Inc. AR lifted its stake in shares of Alerian MLP ETF by 9.7% in the 4th quarter. Stephens Inc. AR now owns 1,079,417 shares of the exchange traded fund’s stock worth $51,985,000 after purchasing an additional 95,191 shares during the period. HighTower Advisors LLC boosted its holdings in shares of 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 worth $41,091,000 after buying an additional 83,961 shares during the last quarter. Hilton Capital Management LLC bought a new stake in Alerian MLP ETF during the third quarter valued at approximately $31,562,000. Finally, EP Wealth Advisors LLC increased its holdings in Alerian MLP ETF by 10,423.5% during the third quarter. EP Wealth Advisors LLC now owns 511,442 shares of the exchange traded fund’s stock valued at $24,104,000 after buying an additional 506,582 shares during the last quarter.

Alerian MLP ETF Trading Down 0.3 %

AMLP opened at $51.26 on Wednesday. Alerian MLP ETF has a 1-year low of $44.21 and a 1-year high of $53.24. The firm’s 50 day simple moving average is $50.53 and its two-hundred day simple moving average is $48.63. The company has a market capitalization of $10.55 billion, a PE ratio of 14.01 and a beta of 1.38.

Alerian MLP ETF Increases Dividend

The business also recently announced 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. The ex-dividend date was Wednesday, February 12th. This is an increase from Alerian MLP ETF’s previous dividend of $0.94.

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.