Madison Park Capital Advisors LLC Buys New Shares in Alerian MLP ETF (NYSEARCA:AMLP)

Madison Park Capital Advisors LLC bought a new stake in Alerian MLP ETF (NYSEARCA:AMLP) during the 4th quarter, HoldingsChannel reports. The firm bought 130,888 shares of the exchange traded fund’s stock, valued at approximately $5,565,000. Alerian MLP ETF makes up 5.4% of Madison Park Capital Advisors LLC’s investment portfolio, making the stock its 6th largest position.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Provence Wealth Management Group bought a new stake in shares of Alerian MLP ETF during the third quarter worth about $31,000. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Alerian MLP ETF during the fourth quarter worth about $39,000. Friedenthal Financial bought a new stake in shares of Alerian MLP ETF during the fourth quarter worth about $54,000. Signaturefd LLC bought a new stake in shares of Alerian MLP ETF during the fourth quarter worth about $77,000. Finally, Headlands Technologies LLC bought a new stake in shares of Alerian MLP ETF during the third quarter worth about $87,000.

Alerian MLP ETF Price Performance

Shares of NYSEARCA:AMLP traded up $0.08 during midday trading on Tuesday, hitting $47.27. 1,132,298 shares of the company’s stock were exchanged, compared to its average volume of 1,262,964. The stock has a 50 day moving average price of $46.53 and a 200-day moving average price of $44.16. The company has a market cap of $8.41 billion, a PE ratio of 12.87 and a beta of 0.51. Alerian MLP ETF has a 12 month low of $37.06 and a 12 month high of $48.48.

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.