Ables Iannone Moore & Associates Inc. Purchases Shares of 25,774 Alerian MLP ETF $AMLP

Ables Iannone Moore & Associates Inc. purchased a new position in shares of Alerian MLP ETF (NYSEARCA:AMLP) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 25,774 shares of the exchange traded fund’s stock, valued at approximately $1,212,000. Alerian MLP ETF makes up 0.7% of Ables Iannone Moore & Associates Inc.’s holdings, making the stock its 29th largest holding.

Several other large investors also recently modified their holdings of the stock. Oxbow Advisors LLC boosted its position in shares of Alerian MLP ETF by 11.5% during the 3rd quarter. Oxbow Advisors LLC now owns 202,356 shares of the exchange traded fund’s stock worth $9,497,000 after purchasing an additional 20,800 shares in the last quarter. Empirical Asset Management LLC acquired a new stake in shares of Alerian MLP ETF in the 3rd quarter valued at about $735,000. Algorithmic Investment Models LLC increased its position in Alerian MLP ETF by 21.4% in the 3rd quarter. Algorithmic Investment Models LLC now owns 107,951 shares of the exchange traded fund’s stock valued at $5,066,000 after buying an additional 19,039 shares in the last quarter. Ball & Co Wealth Management Inc. increased its position in Alerian MLP ETF by 6.8% in the 3rd quarter. Ball & Co Wealth Management Inc. now owns 216,829 shares of the exchange traded fund’s stock valued at $10,175,000 after buying an additional 13,843 shares in the last quarter. Finally, Investment House LLC acquired a new position in Alerian MLP ETF during the 3rd quarter worth approximately $735,000.

Alerian MLP ETF Stock Performance

Shares of NYSEARCA:AMLP opened at $53.06 on Friday. The business’s 50 day simple moving average is $50.90 and its two-hundred day simple moving average is $48.37. The firm has a market cap of $11.95 billion, a P/E ratio of 14.17 and a beta of 0.70. Alerian MLP ETF has a 52-week low of $43.75 and a 52-week high of $53.24.

Alerian MLP ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Wednesday, February 11th were given a dividend of $1.01 per share. The ex-dividend date of this dividend was Wednesday, February 11th. This is a positive change from Alerian MLP ETF’s previous quarterly dividend of $1.00. This represents a $4.04 dividend on an annualized basis and a dividend yield of 7.6%.

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. The Index is comprised of 25 energy infrastructure MLPs. The fund will invest at least 90% of its total assets in securities, which comprise the Index (or depositary receipts based on such securities).