MGB Wealth Management LLC Increases Stock Position in Alerian MLP ETF (NYSEARCA:AMLP)

MGB Wealth Management LLC grew its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 21.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 59,155 shares of the exchange traded fund’s stock after purchasing an additional 10,461 shares during the period. Alerian MLP ETF makes up about 0.9% of MGB Wealth Management LLC’s holdings, making the stock its 18th biggest position. MGB Wealth Management LLC’s holdings in Alerian MLP ETF were worth $2,849,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of AMLP. Park Avenue Securities LLC grew its position in Alerian MLP ETF by 38.8% during the fourth quarter. Park Avenue Securities LLC now owns 32,525 shares of the exchange traded fund’s stock worth $1,566,000 after buying an additional 9,088 shares during the period. Farther Finance Advisors LLC grew its holdings in shares of Alerian MLP ETF by 532.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 19,668 shares of the exchange traded fund’s stock worth $927,000 after acquiring an additional 16,560 shares during the period. Advisors Asset Management Inc. acquired a new stake in shares of Alerian MLP ETF in the 3rd quarter worth approximately $65,000. Violich Capital Management Inc. increased its stake in Alerian MLP ETF by 1.7% in the 3rd quarter. Violich Capital Management Inc. now owns 225,290 shares of the exchange traded fund’s stock valued at $10,618,000 after purchasing an additional 3,870 shares in the last quarter. Finally, Benjamin Edwards Inc. raised its holdings in Alerian MLP ETF by 123.2% during the third quarter. Benjamin Edwards Inc. now owns 45,452 shares of the exchange traded fund’s stock worth $2,142,000 after purchasing an additional 25,090 shares during the last quarter.

Alerian MLP ETF Stock Down 3.3 %

Shares of AMLP stock opened at $50.38 on Thursday. The stock has a market cap of $9.06 billion, a P/E ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a fifty-two week low of $43.29 and a fifty-two week high of $53.24. The business has a fifty day simple moving average of $50.06 and a 200-day simple moving average of $48.33.

Alerian MLP ETF Increases Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Wednesday, February 12th will be issued a dividend of $0.97 per share. This is an increase from Alerian MLP ETF’s previous dividend of $0.94. The ex-dividend date of this dividend is 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.