Wellington Shields Capital Management LLC Increases Stock Position in Alerian MLP ETF (NYSEARCA:AMLP)

Wellington Shields Capital Management LLC boosted its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 7.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,645 shares of the exchange traded fund’s stock after acquiring an additional 400 shares during the quarter. Wellington Shields Capital Management LLC’s holdings in Alerian MLP ETF were worth $272,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Balboa Wealth Partners bought a new position in Alerian MLP ETF during the 4th quarter valued at about $277,000. Avantax Advisory Services Inc. lifted its position in Alerian MLP ETF by 30.5% during the fourth quarter. Avantax Advisory Services Inc. now owns 48,907 shares of the exchange traded fund’s stock valued at $2,355,000 after purchasing an additional 11,443 shares during the period. Smart Portfolios LLC boosted its holdings in Alerian MLP ETF by 1.6% in the fourth quarter. Smart Portfolios LLC now owns 28,877 shares of the exchange traded fund’s stock worth $1,391,000 after purchasing an additional 461 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in Alerian MLP ETF by 7.9% in the 4th quarter. Sequoia Financial Advisors LLC now owns 7,843 shares of the exchange traded fund’s stock worth $378,000 after purchasing an additional 576 shares during the period. Finally, HighTower Advisors LLC raised its stake in Alerian MLP ETF by 8.1% during the 4th quarter. HighTower Advisors LLC now owns 942,501 shares of the exchange traded fund’s stock valued at $45,391,000 after buying an additional 70,483 shares during the last quarter.

Alerian MLP ETF Price Performance

NYSEARCA AMLP opened at $51.49 on Friday. Alerian MLP ETF has a 1-year low of $44.21 and a 1-year high of $53.24. The stock has a market capitalization of $10.60 billion, a price-to-earnings ratio of 14.01 and a beta of 1.38. The business’s fifty day moving average price is $51.26 and its 200-day moving average price is $49.02.

Alerian MLP ETF Increases Dividend

The company also recently announced a dividend, which was paid on Tuesday, February 18th. Shareholders of record on Wednesday, February 12th were given 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.