Capital Advisors Inc. OK Invests $340,000 in Alerian MLP ETF (NYSEARCA:AMLP)

Capital Advisors Inc. OK bought a new stake 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 bought 7,068 shares of the exchange traded fund’s stock, valued at approximately $340,000.

Other institutional investors have also bought and sold shares of the company. Atlantic Edge Private Wealth Management LLC lifted its stake in Alerian MLP ETF by 2,967.5% in the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 6,135 shares of the exchange traded fund’s stock valued at $295,000 after buying an additional 5,935 shares during the period. Wealthcare Capital Partners LLC bought a new stake in shares of Alerian MLP ETF in the 4th quarter valued at $239,000. Essex Financial Services Inc. lifted its position in shares of Alerian MLP ETF by 1.8% during the 4th quarter. Essex Financial Services Inc. now owns 75,844 shares of the exchange traded fund’s stock valued at $3,653,000 after acquiring an additional 1,370 shares during the period. Violich Capital Management Inc. boosted its stake in Alerian MLP ETF by 25.5% during the fourth quarter. Violich Capital Management Inc. now owns 282,790 shares of the exchange traded fund’s stock worth $13,619,000 after acquiring an additional 57,500 shares in the last quarter. Finally, Focus Financial Network Inc. grew its holdings in Alerian MLP ETF by 10.7% in the fourth quarter. Focus Financial Network Inc. now owns 14,758 shares of the exchange traded fund’s stock worth $711,000 after purchasing an additional 1,425 shares during the period.

Alerian MLP ETF Trading Down 3.3 %

AMLP opened at $50.38 on Thursday. The company has a fifty day moving average price of $50.06 and a two-hundred day moving average price of $48.33. Alerian MLP ETF has a 1-year low of $43.29 and a 1-year high of $53.24. The company has a market cap of $9.06 billion, a P/E ratio of 13.08 and a beta of 0.48.

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 paid 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.