Sterling Investment Management LLC Boosts Holdings in Alerian MLP ETF $AMLP

Sterling Investment Management LLC raised its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 36.2% in the second quarter, Holdings Channel.com reports. The fund owned 65,682 shares of the exchange traded fund’s stock after buying an additional 17,466 shares during the quarter. Alerian MLP ETF makes up 2.1% of Sterling Investment Management LLC’s investment portfolio, making the stock its 16th largest position. Sterling Investment Management LLC’s holdings in Alerian MLP ETF were worth $3,209,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Nova Wealth Management Inc. acquired a new stake in Alerian MLP ETF in the second quarter valued at $28,000. Mid American Wealth Advisory Group Inc. acquired a new stake in Alerian MLP ETF in the second quarter valued at $29,000. Headlands Technologies LLC acquired a new stake in Alerian MLP ETF in the first quarter valued at $31,000. Golden State Wealth Management LLC acquired a new stake in Alerian MLP ETF in the first quarter valued at $34,000. Finally, Crews Bank & Trust acquired a new stake in Alerian MLP ETF in the second quarter valued at $39,000.

Alerian MLP ETF Stock Performance

Alerian MLP ETF stock opened at $46.25 on Wednesday. Alerian MLP ETF has a one year low of $43.75 and a one year high of $53.24. The business has a fifty day moving average of $47.26 and a two-hundred day moving average of $48.09. The company has a market cap of $10.15 billion, a P/E ratio of 14.17 and a beta of 1.42.

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.