MBA Advisors LLC Grows Stake in Alerian MLP ETF $AMLP

MBA Advisors LLC raised its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 1.1% during the second quarter, Holdings Channel reports. The fund owned 23,787 shares of the exchange traded fund’s stock after buying an additional 254 shares during the period. MBA Advisors LLC’s holdings in Alerian MLP ETF were worth $1,162,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nova Wealth Management Inc. purchased a new position in Alerian MLP ETF in the second quarter valued at about $28,000. Headlands Technologies LLC purchased a new position in Alerian MLP ETF in the first quarter valued at about $31,000. Golden State Wealth Management LLC purchased a new position in Alerian MLP ETF in the first quarter valued at about $34,000. Copia Wealth Management purchased a new position in Alerian MLP ETF in the first quarter valued at about $38,000. Finally, Independence Bank of Kentucky boosted its stake in Alerian MLP ETF by 517.5% in the second quarter. Independence Bank of Kentucky now owns 988 shares of the exchange traded fund’s stock valued at $48,000 after acquiring an additional 828 shares during the last quarter.

Alerian MLP ETF Stock Down 1.2%

AMLP opened at $46.98 on Tuesday. The stock has a market cap of $10.10 billion, a price-to-earnings ratio of 14.17 and a beta of 1.42. Alerian MLP ETF has a twelve month low of $43.75 and a twelve month high of $53.24. The company’s 50-day moving average price is $48.28 and its two-hundred day moving average price is $48.69.

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.