Oak Harvest Investment Services Buys 14,412 Shares of Alerian MLP ETF $AMLP

Oak Harvest Investment Services lifted its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 8.6% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 181,682 shares of the exchange traded fund’s stock after buying an additional 14,412 shares during the period. Oak Harvest Investment Services owned approximately 0.08% of Alerian MLP ETF worth $8,543,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Oxbow Advisors LLC boosted its stake in shares of Alerian MLP ETF by 11.5% in the 3rd quarter. Oxbow Advisors LLC now owns 202,356 shares of the exchange traded fund’s stock worth $9,497,000 after buying an additional 20,800 shares during the last quarter. Empirical Asset Management LLC purchased a new position in shares of Alerian MLP ETF in the 3rd quarter worth approximately $735,000. Algorithmic Investment Models LLC boosted its stake in shares of Alerian MLP ETF by 21.4% in the 3rd quarter. Algorithmic Investment Models LLC now owns 107,951 shares of the exchange traded fund’s stock worth $5,066,000 after buying an additional 19,039 shares during the last quarter. Ball & Co Wealth Management Inc. lifted its stake in Alerian MLP ETF by 6.8% in the third quarter. Ball & Co Wealth Management Inc. now owns 216,829 shares of the exchange traded fund’s stock valued at $10,175,000 after purchasing an additional 13,843 shares during the last quarter. Finally, Investment House LLC purchased a new position in Alerian MLP ETF in the third quarter valued at approximately $735,000.

Alerian MLP ETF Trading Down 1.0%

Alerian MLP ETF stock opened at $51.11 on Friday. Alerian MLP ETF has a 12 month low of $44.64 and a 12 month high of $54.20. The business’s 50 day simple moving average is $52.15 and its 200 day simple moving average is $49.09. The company has a market cap of $11.88 billion, a price-to-earnings ratio of 14.17 and a beta of 0.56.

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. The Index is comprised of 25 energy infrastructure MLPs. The fund will invest at least 90% of its total assets in securities, which comprise the Index (or depositary receipts based on such securities).