Stratos Wealth Partners LTD. Has $2.89 Million Holdings in Alerian MLP ETF $AMLP

Stratos Wealth Partners LTD. lifted its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 20.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 61,401 shares of the exchange traded fund’s stock after acquiring an additional 10,321 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Alerian MLP ETF were worth $2,887,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of AMLP. REAP Financial Group LLC raised its stake in Alerian MLP ETF by 2,000.0% during the third quarter. REAP Financial Group LLC now owns 525 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 500 shares during the last quarter. GAMMA Investing LLC raised its stake in Alerian MLP ETF by 213.9% during the third quarter. GAMMA Investing LLC now owns 653 shares of the exchange traded fund’s stock worth $31,000 after buying an additional 445 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. raised its stake in Alerian MLP ETF by 136.3% during the third quarter. MJT & Associates Financial Advisory Group Inc. now owns 945 shares of the exchange traded fund’s stock worth $44,000 after buying an additional 545 shares during the last quarter. HM Payson & Co. bought a new position in Alerian MLP ETF during the third quarter worth $47,000. Finally, TFC Financial Management Inc. bought a new position in Alerian MLP ETF during the third quarter worth $60,000.

Alerian MLP ETF Trading Down 0.2%

AMLP opened at $52.26 on Tuesday. Alerian MLP ETF has a 1-year low of $43.75 and a 1-year high of $54.20. The company has a market cap of $12.10 billion, a P/E ratio of 14.17 and a beta of 0.70. The company has a fifty day moving average price of $51.84 and a two-hundred day moving average price of $48.81.

Alerian MLP ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Wednesday, February 11th were paid a $1.01 dividend. This represents a $4.04 annualized dividend and a yield of 7.7%. This is an increase from Alerian MLP ETF’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Wednesday, February 11th.

Alerian MLP ETF Company 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).