SMART Wealth LLC Invests $4.02 Million in Alerian MLP ETF $AMLP

SMART Wealth LLC bought a new position in shares of Alerian MLP ETF (NYSEARCA:AMLP) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 85,565 shares of the exchange traded fund’s stock, valued at approximately $4,023,000. Alerian MLP ETF accounts for about 1.2% of SMART Wealth LLC’s investment portfolio, making the stock its 24th biggest position.

Several other hedge funds also recently made changes to their positions in the business. J2 Capital Management Inc increased its holdings in shares of Alerian MLP ETF by 4.2% during the fourth quarter. J2 Capital Management Inc now owns 5,348 shares of the exchange traded fund’s stock worth $251,000 after purchasing an additional 218 shares during the period. CWA Asset Management Group LLC increased its holdings in shares of Alerian MLP ETF by 1.1% during the fourth quarter. CWA Asset Management Group LLC now owns 19,438 shares of the exchange traded fund’s stock worth $914,000 after purchasing an additional 220 shares during the period. Opal Wealth Advisors LLC increased its stake in Alerian MLP ETF by 2.7% in the third quarter. Opal Wealth Advisors LLC now owns 8,467 shares of the exchange traded fund’s stock valued at $397,000 after acquiring an additional 221 shares during the last quarter. Shepherd Kaplan Krochuk LLC increased its stake in Alerian MLP ETF by 2.2% in the third quarter. Shepherd Kaplan Krochuk LLC now owns 10,866 shares of the exchange traded fund’s stock valued at $510,000 after acquiring an additional 237 shares during the last quarter. Finally, Private Advisory Group LLC raised its position in Alerian MLP ETF by 5.6% during the third quarter. Private Advisory Group LLC now owns 4,524 shares of the exchange traded fund’s stock valued at $212,000 after purchasing an additional 239 shares in the last quarter.

Alerian MLP ETF Price Performance

NYSEARCA AMLP opened at $51.11 on Friday. The business has a fifty day moving average price of $52.15 and a two-hundred day moving average price of $49.09. The stock has a market capitalization of $11.88 billion, a PE ratio of 14.17 and a beta of 0.56. Alerian MLP ETF has a fifty-two week low of $44.64 and a fifty-two week high of $54.20.

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).