Raymond James Financial Inc. Buys Shares of 2,162,200 Alerian MLP ETF (NYSEARCA:AMLP)

Raymond James Financial Inc. bought a new stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,162,200 shares of the exchange traded fund’s stock, valued at approximately $104,132,000. Raymond James Financial Inc. owned approximately 1.20% of Alerian MLP ETF as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Proficio Capital Partners LLC increased its holdings in shares of Alerian MLP ETF by 3,928.2% in the 4th quarter. Proficio Capital Partners LLC now owns 16,224,276 shares of the exchange traded fund’s stock valued at $781,361,000 after acquiring an additional 15,821,509 shares during the period. LPL Financial LLC lifted its position in Alerian MLP ETF by 13.0% during the 3rd quarter. LPL Financial LLC now owns 2,399,962 shares of the exchange traded fund’s stock worth $113,110,000 after acquiring an additional 275,254 shares during the period. Stephens Inc. AR lifted its holdings in shares of Alerian MLP ETF by 9.7% in the 4th quarter. Stephens Inc. AR now owns 1,079,417 shares of the exchange traded fund’s stock valued at $51,985,000 after buying an additional 95,191 shares during the period. HighTower Advisors LLC lifted its holdings in shares of Alerian MLP ETF by 10.7% in the 3rd quarter. HighTower Advisors LLC now owns 872,018 shares of the exchange traded fund’s stock valued at $41,091,000 after buying an additional 83,961 shares during the period. Finally, Hilton Capital Management LLC acquired a new position in shares of Alerian MLP ETF in the 3rd quarter valued at about $31,562,000.

Alerian MLP ETF Stock Up 1.4 %

Shares of AMLP stock opened at $50.33 on Friday. The stock has a market cap of $10.36 billion, a PE ratio of 14.01 and a beta of 1.38. Alerian MLP ETF has a 52-week low of $44.21 and a 52-week high of $53.24. The business has a 50-day simple moving average of $51.02 and a 200-day simple moving average of $48.89.

Alerian MLP ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, February 18th. Investors of record on Wednesday, February 12th were issued a $0.97 dividend. This is a boost from Alerian MLP ETF’s previous dividend of $0.94. The ex-dividend date of this dividend was Wednesday, February 12th.

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.