Arete Wealth Advisors LLC Has $568,000 Position in Alerian MLP ETF (NYSEARCA:AMLP)

Arete Wealth Advisors LLC boosted its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 10.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,770 shares of the exchange traded fund’s stock after acquiring an additional 1,130 shares during the period. Arete Wealth Advisors LLC’s holdings in Alerian MLP ETF were worth $568,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMLP. FMR LLC raised its stake in Alerian MLP ETF by 22.7% in the third quarter. FMR LLC now owns 32,848 shares of the exchange traded fund’s stock valued at $1,548,000 after purchasing an additional 6,082 shares in the last quarter. IHT Wealth Management LLC raised its position in shares of Alerian MLP ETF by 61.1% in the 3rd quarter. IHT Wealth Management LLC now owns 10,573 shares of the exchange traded fund’s stock valued at $499,000 after buying an additional 4,011 shares in the last quarter. Quantinno Capital Management LP acquired a new position in shares of Alerian MLP ETF in the 3rd quarter valued at approximately $1,728,000. EP Wealth Advisors LLC lifted its holdings in shares of Alerian MLP ETF by 10,423.5% during the 3rd quarter. EP Wealth Advisors LLC now owns 511,442 shares of the exchange traded fund’s stock worth $24,104,000 after acquiring an additional 506,582 shares during the period. Finally, MML Investors Services LLC boosted its position in shares of Alerian MLP ETF by 3.2% during the 3rd quarter. MML Investors Services LLC now owns 136,731 shares of the exchange traded fund’s stock worth $6,444,000 after acquiring an additional 4,247 shares in the last quarter.

Alerian MLP ETF Price Performance

Shares of AMLP opened at $47.02 on Friday. The firm has a 50 day simple moving average of $51.56 and a two-hundred day simple moving average of $49.54. Alerian MLP ETF has a one year low of $44.21 and a one year high of $53.24. The company has a market cap of $9.75 billion, a P/E ratio of 14.02 and a beta of 0.99.

Alerian MLP ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, February 18th. Stockholders of record on Wednesday, February 12th were issued a dividend of $0.97 per share. The ex-dividend date 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.