Wealth Enhancement Advisory Services LLC Has $20.29 Million Stock Holdings in Alerian MLP ETF $AMLP

Wealth Enhancement Advisory Services LLC grew its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 5.1% during the 4th quarter, Holdings Channel reports. The firm owned 434,195 shares of the exchange traded fund’s stock after buying an additional 21,210 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Alerian MLP ETF were worth $20,286,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in AMLP. REAP Financial Group LLC boosted its holdings in shares of Alerian MLP ETF by 2,000.0% in the 3rd quarter. REAP Financial Group LLC now owns 525 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 500 shares during the last quarter. Manchester Capital Management LLC acquired a new position in Alerian MLP ETF during the second quarter worth $29,000. GAMMA Investing LLC increased its holdings in Alerian MLP ETF by 213.9% during the third quarter. GAMMA Investing LLC now owns 653 shares of the exchange traded fund’s stock worth $31,000 after buying an additional 445 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. raised its position in Alerian MLP ETF by 136.3% during the third quarter. MJT & Associates Financial Advisory Group Inc. now owns 945 shares of the exchange traded fund’s stock worth $44,000 after acquiring an additional 545 shares in the last quarter. Finally, HM Payson & Co. acquired a new stake in Alerian MLP ETF in the third quarter valued at $47,000.

Alerian MLP ETF Price Performance

Shares of AMLP opened at $53.37 on Thursday. The firm has a 50-day moving average of $51.26 and a 200-day moving average of $48.51. Alerian MLP ETF has a one year low of $43.75 and a one year high of $54.03. The company has a market cap of $12.02 billion, a PE ratio of 14.17 and a beta of 0.70.

Alerian MLP ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Wednesday, February 11th were paid a $1.01 dividend. This is an increase from Alerian MLP ETF’s previous quarterly dividend of $1.00. The ex-dividend date was Wednesday, February 11th. This represents a $4.04 annualized dividend and a yield of 7.6%.

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. 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).