US Bancorp DE Increases Stock Position in Alerian MLP ETF (NYSEARCA:AMLP)

US Bancorp DE lifted its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 0.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 347,742 shares of the exchange traded fund’s stock after buying an additional 2,386 shares during the period. US Bancorp DE’s holdings in Alerian MLP ETF were worth $16,747,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Park Avenue Securities LLC lifted its stake in shares of Alerian MLP ETF by 38.8% during the fourth 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 stake in shares of Alerian MLP ETF by 532.8% during the third quarter. Farther Finance Advisors LLC now owns 19,668 shares of the exchange traded fund’s stock valued at $927,000 after buying an additional 16,560 shares during the period. Advisors Asset Management Inc. purchased a new position in shares of Alerian MLP ETF during the third quarter valued at approximately $65,000. Strategic Financial Concepts LLC acquired a new position in Alerian MLP ETF during the fourth quarter worth approximately $27,000. Finally, Benjamin Edwards Inc. increased its position in Alerian MLP ETF by 123.2% during the third quarter. Benjamin Edwards Inc. now owns 45,452 shares of the exchange traded fund’s stock worth $2,142,000 after purchasing an additional 25,090 shares during the last quarter.

Alerian MLP ETF Stock Performance

Shares of AMLP stock opened at $51.57 on Tuesday. Alerian MLP ETF has a one year low of $44.21 and a one year high of $53.24. The company has a 50 day moving average price of $50.86 and a 200 day moving average price of $48.81. The firm has a market capitalization of $10.61 billion, a price-to-earnings ratio of 14.01 and a beta of 1.38.

Alerian MLP ETF Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, February 18th. Investors of record on Wednesday, February 12th were given a dividend of $0.97 per share. This is a positive change 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.