LPL Financial LLC Has $134.90 Million Stake in Alerian MLP ETF (NYSEARCA:AMLP)

LPL Financial LLC raised its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 16.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,801,023 shares of the exchange traded fund’s stock after acquiring an additional 401,061 shares during the quarter. LPL Financial LLC owned about 1.56% of Alerian MLP ETF worth $134,897,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Thrivent Financial for Lutherans grew its stake in Alerian MLP ETF by 2.2% during the third quarter. Thrivent Financial for Lutherans now owns 27,448 shares of the exchange traded fund’s stock worth $1,294,000 after purchasing an additional 592 shares during the period. Advisors Asset Management Inc. bought a new position in shares of Alerian MLP ETF during the 3rd quarter worth approximately $65,000. Citigroup Inc. grew its position in shares of Alerian MLP ETF by 5.0% during the 3rd quarter. Citigroup Inc. now owns 106,935 shares of the exchange traded fund’s stock worth $5,040,000 after buying an additional 5,065 shares during the period. Cerity Partners LLC grew its position in shares of Alerian MLP ETF by 15.8% during the 3rd quarter. Cerity Partners LLC now owns 90,620 shares of the exchange traded fund’s stock worth $4,271,000 after buying an additional 12,391 shares during the period. Finally, Douglass Winthrop Advisors LLC increased its stake in shares of Alerian MLP ETF by 16.5% in the 3rd quarter. Douglass Winthrop Advisors LLC now owns 7,055 shares of the exchange traded fund’s stock valued at $333,000 after acquiring an additional 1,000 shares in the last quarter.

Alerian MLP ETF Stock Up 0.7 %

Shares of NYSEARCA AMLP opened at $51.97 on Tuesday. The firm has a market cap of $10.71 billion, a PE ratio of 13.99 and a beta of 1.35. The company’s fifty day simple moving average is $51.61 and its 200 day simple moving average is $49.27. Alerian MLP ETF has a 12-month low of $44.21 and a 12-month high of $53.24.

Alerian MLP ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, February 18th. Stockholders of record on Wednesday, February 12th were given a dividend of $0.97 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This is a boost 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.