Fiduciary Financial Group LLC Buys Shares of 16,313 Alerian MLP ETF $AMLP

Fiduciary Financial Group LLC purchased a new position in shares of Alerian MLP ETF (NYSEARCA:AMLP) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 16,313 shares of the exchange traded fund’s stock, valued at approximately $767,000.

Several other institutional investors and hedge funds have also recently modified their holdings of AMLP. Bank of America Corp DE grew its holdings in shares of Alerian MLP ETF by 0.7% in the second quarter. Bank of America Corp DE now owns 8,453,389 shares of the exchange traded fund’s stock valued at $413,033,000 after purchasing an additional 54,835 shares during the period. Allen Investment Management LLC raised its stake in Alerian MLP ETF by 9.1% during the third quarter. Allen Investment Management LLC now owns 3,501,325 shares of the exchange traded fund’s stock worth $164,317,000 after purchasing an additional 291,011 shares during the period. Raymond James Financial Inc. raised its stake in Alerian MLP ETF by 5.9% during the second quarter. Raymond James Financial Inc. now owns 2,715,784 shares of the exchange traded fund’s stock worth $132,693,000 after purchasing an additional 152,451 shares during the period. Ameriprise Financial Inc. boosted its holdings in Alerian MLP ETF by 19.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,634,868 shares of the exchange traded fund’s stock valued at $79,886,000 after purchasing an additional 262,817 shares during the last quarter. Finally, Naviter Wealth LLC boosted its holdings in Alerian MLP ETF by 6.6% in the 3rd quarter. Naviter Wealth LLC now owns 1,397,127 shares of the exchange traded fund’s stock valued at $65,567,000 after purchasing an additional 85,938 shares during the last quarter.

Alerian MLP ETF Price Performance

Alerian MLP ETF stock opened at $53.53 on Wednesday. The firm has a 50 day simple moving average of $51.18 and a 200-day simple moving average of $48.48. The stock has a market cap of $12.06 billion, a price-to-earnings ratio of 14.17 and a beta of 0.70. Alerian MLP ETF has a 1-year low of $43.75 and a 1-year high of $54.03.

Alerian MLP ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Wednesday, February 11th were issued a $1.01 dividend. This is a boost from Alerian MLP ETF’s previous quarterly dividend of $1.00. This represents a $4.04 dividend on an annualized basis and a yield of 7.5%. The ex-dividend date was Wednesday, February 11th.

About Alerian MLP ETF

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. The Index is comprised of 25 energy infrastructure MLPs. The fund will invest at least 90% of its total assets in securities, which comprise the Index (or depositary receipts based on such securities).