Allspring Global Investments Holdings LLC Invests $597,000 in Alerian MLP ETF (NYSEARCA:AMLP)

Allspring Global Investments Holdings LLC bought a new position in shares of Alerian MLP ETF (NYSEARCA:AMLP) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 12,400 shares of the exchange traded fund’s stock, valued at approximately $597,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Park Avenue Securities LLC grew 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 worth $1,566,000 after purchasing an additional 9,088 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of 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 buying an additional 16,560 shares during the last quarter. Advisors Asset Management Inc. purchased a new stake in shares of Alerian MLP ETF in the third quarter valued at about $65,000. Strategic Financial Concepts LLC purchased a new stake in shares of Alerian MLP ETF in the fourth quarter valued at about $27,000. Finally, Benjamin Edwards Inc. raised its holdings 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 in the last quarter.

Alerian MLP ETF Stock Down 0.6 %

NYSEARCA AMLP opened at $51.41 on Tuesday. The firm has a 50-day moving average price of $50.47 and a 200 day moving average price of $48.59. The stock has a market capitalization of $9.25 billion, a P/E ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a 52-week low of $44.21 and a 52-week high of $53.24.

Alerian MLP ETF Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, February 18th. Shareholders of record on Wednesday, February 12th were paid a dividend of $0.97 per share. The ex-dividend date was Wednesday, February 12th. This is an increase from Alerian MLP ETF’s previous dividend of $0.94.

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.