Oppenheimer & Co. Inc. Grows Stock Position in Alerian MLP ETF (NYSEARCA:AMLP)

Oppenheimer & Co. Inc. grew its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 1.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 83,456 shares of the exchange traded fund’s stock after acquiring an additional 1,348 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Alerian MLP ETF were worth $4,019,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of AMLP. Park Avenue Securities LLC increased its position in shares of Alerian MLP ETF by 38.8% in the 4th quarter. Park Avenue Securities LLC now owns 32,525 shares of the exchange traded fund’s stock valued at $1,566,000 after acquiring an additional 9,088 shares during the period. Farther Finance Advisors LLC grew its stake in 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. acquired a new position in shares of Alerian MLP ETF in the third quarter valued at about $65,000. Strategic Financial Concepts LLC purchased a new position in shares of Alerian MLP ETF in the fourth quarter worth about $27,000. Finally, Benjamin Edwards Inc. raised its stake in shares of 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 purchasing an additional 25,090 shares during the last quarter.

Alerian MLP ETF Stock Up 1.2 %

Shares of NYSEARCA AMLP opened at $51.91 on Friday. Alerian MLP ETF has a 52 week low of $44.21 and a 52 week high of $53.24. The business’s 50 day moving average price is $50.79 and its 200 day moving average price is $48.75. The firm has a market cap of $10.68 billion, a P/E ratio of 14.01 and a beta of 1.38.

Alerian MLP ETF Increases Dividend

The firm also recently disclosed 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.

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.