Ingalls & Snyder LLC Buys New Stake in Alerian MLP ETF (NYSEARCA:AMLP)

Ingalls & Snyder LLC purchased a new position in Alerian MLP ETF (NYSEARCA:AMLP) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 27,387 shares of the exchange traded fund’s stock, valued at approximately $1,319,000.

A number of other hedge funds also recently bought and sold shares of AMLP. Park Avenue Securities LLC raised its position in Alerian MLP ETF by 38.8% during the fourth quarter. Park Avenue Securities LLC now owns 32,525 shares of the exchange traded fund’s stock valued at $1,566,000 after purchasing an additional 9,088 shares during the period. Farther Finance Advisors LLC increased its position in shares of Alerian MLP ETF by 532.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 19,668 shares of the exchange traded fund’s stock valued at $927,000 after purchasing an additional 16,560 shares during the last quarter. Advisors Asset Management Inc. bought a new position in shares of Alerian MLP ETF during the 3rd quarter valued at approximately $65,000. Violich Capital Management Inc. raised its holdings in Alerian MLP ETF by 1.7% during the 3rd quarter. Violich Capital Management Inc. now owns 225,290 shares of the exchange traded fund’s stock valued at $10,618,000 after buying an additional 3,870 shares during the period. Finally, Benjamin Edwards Inc. lifted its position in Alerian MLP ETF by 123.2% in the third quarter. Benjamin Edwards Inc. now owns 45,452 shares of the exchange traded fund’s stock worth $2,142,000 after buying an additional 25,090 shares during the last quarter.

Alerian MLP ETF Stock Up 2.0 %

AMLP stock opened at $51.38 on Friday. Alerian MLP ETF has a twelve month low of $43.35 and a twelve month high of $53.24. The stock has a market capitalization of $9.24 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. The firm’s fifty day simple moving average is $50.08 and its two-hundred day simple moving average is $48.35.

Alerian MLP ETF Increases Dividend

The company also recently declared a dividend, which will be paid on Tuesday, February 18th. Investors of record on Wednesday, February 12th will be issued a dividend of $0.97 per share. This is an increase from Alerian MLP ETF’s previous dividend of $0.94. The ex-dividend date is Wednesday, February 12th.

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.