Total Wealth Planning & Management Inc. purchased a new stake in Alerian MLP ETF (NYSEARCA:AMLP – Free Report) during the fourth quarter, Holdings Channel.com reports. The firm purchased 22,230 shares of the exchange traded fund’s stock, valued at approximately $1,045,000. Alerian MLP ETF comprises 0.8% of Total Wealth Planning & Management Inc.’s portfolio, making the stock its 29th biggest position.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. J.W. Cole Advisors Inc. increased its holdings in shares of Alerian MLP ETF by 3.9% in the 4th quarter. J.W. Cole Advisors Inc. now owns 165,583 shares of the exchange traded fund’s stock valued at $7,786,000 after acquiring an additional 6,198 shares during the period. Keewaydin Investments LLC purchased a new position in shares of Alerian MLP ETF in the 4th quarter valued at $2,138,000. Greenspring Advisors LLC purchased a new position in shares of Alerian MLP ETF in the 4th quarter valued at $1,622,000. Lido Advisors LLC increased its holdings in shares of Alerian MLP ETF by 0.8% in the 4th quarter. Lido Advisors LLC now owns 124,511 shares of the exchange traded fund’s stock valued at $5,844,000 after acquiring an additional 972 shares during the period. Finally, Elgethun Capital Management increased its holdings in shares of Alerian MLP ETF by 6.1% in the 4th quarter. Elgethun Capital Management now owns 188,564 shares of the exchange traded fund’s stock valued at $8,866,000 after acquiring an additional 10,870 shares during the period.
Alerian MLP ETF Trading Up 1.3%
Shares of NYSEARCA:AMLP opened at $53.25 on Friday. Alerian MLP ETF has a 12-month low of $44.64 and a 12-month high of $55.22. The business’s fifty day simple moving average is $52.87 and its 200-day simple moving average is $50.63. The company has a market capitalization of $12.42 billion, a PE ratio of 14.17 and a beta of 0.50.
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).
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