Fisher Asset Management LLC Makes New $211,000 Investment in Alerian MLP ETF (NYSEARCA:AMLP)

Fisher Asset Management LLC bought a new stake in Alerian MLP ETF (NYSEARCA:AMLP) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,388 shares of the exchange traded fund’s stock, valued at approximately $211,000.

Several other large investors also recently bought and sold shares of AMLP. Strategic Financial Concepts LLC acquired a new stake in Alerian MLP ETF in the 4th quarter worth about $27,000. Ashton Thomas Securities LLC purchased a new stake in shares of Alerian MLP ETF during the 3rd quarter valued at about $28,000. City State Bank purchased a new stake in Alerian MLP ETF during the 4th quarter worth approximately $40,000. Advisors Asset Management Inc. purchased a new stake in Alerian MLP ETF during the 3rd quarter worth approximately $65,000. Finally, Geneos Wealth Management Inc. grew its position in shares of Alerian MLP ETF by 159.5% in the 4th quarter. Geneos Wealth Management Inc. now owns 1,570 shares of the exchange traded fund’s stock worth $76,000 after acquiring an additional 965 shares in the last quarter.

Alerian MLP ETF Trading Up 1.4 %

Shares of AMLP opened at $50.33 on Friday. The firm has a market cap of $10.36 billion, a price-to-earnings ratio of 14.01 and a beta of 1.38. The stock has a 50 day moving average of $51.02 and a 200-day moving average of $48.89. 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 disclosed 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. The ex-dividend date was Wednesday, February 12th. This is a positive change 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.