Alerian MLP ETF (NYSEARCA:AMLP) Shares Bought by Prevail Innovative Wealth Advisors LLC

Prevail Innovative Wealth Advisors LLC lifted its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 141.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,945 shares of the exchange traded fund’s stock after acquiring an additional 45,617 shares during the quarter. Alerian MLP ETF comprises approximately 1.1% of Prevail Innovative Wealth Advisors LLC’s holdings, making the stock its 27th biggest holding. Prevail Innovative Wealth Advisors LLC’s holdings in Alerian MLP ETF were worth $3,754,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in AMLP. Thrivent Financial for Lutherans boosted its position in shares of Alerian MLP ETF by 2.2% in the third quarter. Thrivent Financial for Lutherans now owns 27,448 shares of the exchange traded fund’s stock worth $1,294,000 after buying an additional 592 shares during the period. Advisors Asset Management Inc. purchased a new position in Alerian MLP ETF in the 3rd quarter worth approximately $65,000. Citigroup Inc. grew its position in Alerian MLP ETF by 5.0% in the third quarter. Citigroup Inc. now owns 106,935 shares of the exchange traded fund’s stock valued at $5,040,000 after acquiring an additional 5,065 shares in the last quarter. FMR LLC raised its stake in shares of Alerian MLP ETF by 22.7% during 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 during the period. Finally, Glenmede Trust Co. NA acquired a new position in Alerian MLP ETF in the 3rd quarter worth $335,000.

Alerian MLP ETF Stock Performance

NYSEARCA:AMLP opened at $52.07 on Friday. The stock has a market cap of $10.73 billion, a price-to-earnings ratio of 13.99 and a beta of 1.35. The business’s 50-day simple moving average is $51.68 and its 200 day simple moving average is $49.41. Alerian MLP ETF has a one year low of $44.21 and a one year high of $53.24.

Alerian MLP ETF Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, February 18th. Stockholders of record on Wednesday, February 12th were issued a $0.97 dividend. This is an increase 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.