DAVENPORT & Co LLC Purchases 18,631 Shares of Alerian MLP ETF $AMLP

DAVENPORT & Co LLC lifted its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 13.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 162,254 shares of the exchange traded fund’s stock after buying an additional 18,631 shares during the period. DAVENPORT & Co LLC’s holdings in Alerian MLP ETF were worth $7,629,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of AMLP. Level Four Advisory Services LLC increased its position in shares of Alerian MLP ETF by 1.0% during the second quarter. Level Four Advisory Services LLC now owns 20,536 shares of the exchange traded fund’s stock valued at $1,003,000 after acquiring an additional 210 shares during the last quarter. CWA Asset Management Group LLC boosted its position in Alerian MLP ETF by 1.1% in the fourth quarter. CWA Asset Management Group LLC now owns 19,438 shares of the exchange traded fund’s stock worth $914,000 after purchasing an additional 220 shares during the last quarter. Opal Wealth Advisors LLC boosted its position in Alerian MLP ETF by 2.7% in the third quarter. Opal Wealth Advisors LLC now owns 8,467 shares of the exchange traded fund’s stock worth $397,000 after purchasing an additional 221 shares during the last quarter. Shepherd Kaplan Krochuk LLC grew its stake in Alerian MLP ETF by 2.2% in the 3rd quarter. Shepherd Kaplan Krochuk LLC now owns 10,866 shares of the exchange traded fund’s stock valued at $510,000 after purchasing an additional 237 shares during the period. Finally, Private Advisory Group LLC grew its stake in Alerian MLP ETF by 5.6% in the 3rd quarter. Private Advisory Group LLC now owns 4,524 shares of the exchange traded fund’s stock valued at $212,000 after purchasing an additional 239 shares during the period.

Alerian MLP ETF Price Performance

Shares of Alerian MLP ETF stock opened at $53.81 on Friday. The firm has a market cap of $12.12 billion, a PE ratio of 14.17 and a beta of 0.70. Alerian MLP ETF has a 1 year low of $43.75 and a 1 year high of $54.03. The stock has a fifty day moving average price of $51.36 and a 200-day moving average price of $48.55.

Alerian MLP ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Wednesday, February 11th were given a dividend of $1.01 per share. The ex-dividend date was Wednesday, February 11th. This is an increase from Alerian MLP ETF’s previous quarterly dividend of $1.00. This represents a $4.04 annualized dividend and a yield of 7.5%.

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).