Salem Investment Counselors Inc. Buys 13,758 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

Salem Investment Counselors Inc. grew its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 19.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 82,779 shares of the exchange traded fund’s stock after purchasing an additional 13,758 shares during the quarter. Salem Investment Counselors Inc.’s holdings in Alerian MLP ETF were worth $4,300,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Mark Sheptoff Financial Planning LLC raised its stake in Alerian MLP ETF by 400.0% during the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 625 shares of the exchange traded fund’s stock worth $30,000 after buying an additional 500 shares during the last quarter. Hurley Capital LLC acquired a new stake in Alerian MLP ETF during the 4th quarter worth about $32,000. 1620 Investment Advisors Inc. bought a new position in shares of Alerian MLP ETF in the 4th quarter worth about $38,000. Capital Analysts LLC lifted its stake in shares of Alerian MLP ETF by 102.8% in the 4th quarter. Capital Analysts LLC now owns 955 shares of the exchange traded fund’s stock valued at $46,000 after purchasing an additional 484 shares during the period. Finally, 10Elms LLP bought a new stake in shares of Alerian MLP ETF during the 4th quarter valued at about $55,000.

Alerian MLP ETF Price Performance

NYSEARCA AMLP opened at $49.24 on Friday. The stock has a market capitalization of $10.48 billion, a P/E ratio of 12.85 and a beta of 0.66. The business has a 50 day simple moving average of $48.23 and a 200 day simple moving average of $49.76. Alerian MLP ETF has a one year low of $43.75 and a one year high of $53.24.

Alerian MLP ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 19th. Stockholders of record on Wednesday, May 14th were given a dividend of $0.98 per share. This is an increase from Alerian MLP ETF’s previous quarterly dividend of $0.95. This represents a $3.92 annualized dividend and a dividend yield of 7.96%.

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.