Total Wealth Planning & Management Inc. Increases Position in Alerian MLP ETF (NYSEARCA:AMLP)

Total Wealth Planning & Management Inc. increased its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 4.6% in the first quarter, HoldingsChannel.com reports. The firm owned 21,156 shares of the exchange traded fund’s stock after buying an additional 925 shares during the quarter. Alerian MLP ETF makes up 1.0% of Total Wealth Planning & Management Inc.’s holdings, making the stock its 19th biggest holding. Total Wealth Planning & Management Inc.’s holdings in Alerian MLP ETF were worth $1,099,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Mark Sheptoff Financial Planning LLC grew its position in shares of Alerian MLP ETF by 400.0% in the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 625 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 500 shares during the period. Hurley Capital LLC purchased a new position in Alerian MLP ETF in the 4th quarter valued at about $32,000. Golden State Wealth Management LLC purchased a new position in Alerian MLP ETF in the 1st quarter valued at about $34,000. 1620 Investment Advisors Inc. acquired a new stake in Alerian MLP ETF in the 4th quarter worth about $38,000. Finally, Copia Wealth Management purchased a new stake in Alerian MLP ETF during the 1st quarter worth approximately $38,000.

Alerian MLP ETF Stock Performance

NYSEARCA AMLP opened at $48.82 on Friday. The business has a fifty day moving average price of $48.57 and a 200 day moving average price of $49.65. The company has a market cap of $10.44 billion, a P/E ratio of 14.17 and a beta of 1.42. 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 firm also recently announced a quarterly dividend, which was paid on Monday, May 19th. Stockholders of record on Wednesday, May 14th were given a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a dividend yield of 8.03%. This is a boost from Alerian MLP ETF’s previous quarterly dividend of $0.95.

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.