Focus Financial Network Inc. Buys 1,425 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

Focus Financial Network Inc. increased its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 10.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,758 shares of the exchange traded fund’s stock after purchasing an additional 1,425 shares during the period. Focus Financial Network Inc.’s holdings in Alerian MLP ETF were worth $711,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Park Avenue Securities LLC lifted its holdings in shares of Alerian MLP ETF by 38.8% during 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 buying an additional 9,088 shares during the period. Farther Finance Advisors LLC lifted its holdings in Alerian MLP ETF by 532.8% in the third quarter. Farther Finance Advisors LLC now owns 19,668 shares of the exchange traded fund’s stock valued at $927,000 after acquiring an additional 16,560 shares during the period. Advisors Asset Management Inc. purchased a new position in Alerian MLP ETF in the third quarter worth about $65,000. Violich Capital Management Inc. grew its stake in shares of Alerian MLP ETF by 1.7% during the 3rd quarter. Violich Capital Management Inc. now owns 225,290 shares of the exchange traded fund’s stock valued at $10,618,000 after purchasing an additional 3,870 shares during the period. Finally, Benjamin Edwards Inc. increased its position in shares of Alerian MLP ETF by 123.2% during the 3rd quarter. Benjamin Edwards Inc. now owns 45,452 shares of the exchange traded fund’s stock valued at $2,142,000 after purchasing an additional 25,090 shares during the last quarter.

Alerian MLP ETF Stock Down 3.3 %

Shares of NYSEARCA:AMLP opened at $50.38 on Thursday. The stock has a market capitalization of $9.06 billion, a PE ratio of 13.08 and a beta of 0.48. The firm’s 50 day moving average price is $50.06 and its 200-day moving average price is $48.33. Alerian MLP ETF has a twelve month low of $43.29 and a twelve month high of $53.24.

Alerian MLP ETF Increases Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Wednesday, February 12th will be paid a dividend of $0.97 per share. The ex-dividend date is Wednesday, February 12th. This is a boost from Alerian MLP ETF’s previous dividend of $0.94.

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.