Essex Financial Services Inc. raised its stake in Alerian MLP ETF (NYSEARCA:AMLP – Free Report) by 35.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 62,552 shares of the exchange traded fund’s stock after purchasing an additional 16,414 shares during the period. Essex Financial Services Inc.’s holdings in Alerian MLP ETF were worth $3,293,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also added to or reduced their stakes in AMLP. Global Trust Asset Management LLC lifted its position in shares of Alerian MLP ETF by 600.0% during the first quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock valued at $37,000 after buying an additional 600 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new position in shares of Alerian MLP ETF in the 4th quarter worth approximately $43,000. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Alerian MLP ETF by 800.0% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,125 shares of the exchange traded fund’s stock worth $53,000 after acquiring an additional 1,000 shares in the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in shares of Alerian MLP ETF during the 4th quarter worth approximately $57,000. Finally, Palladiem LLC purchased a new stake in Alerian MLP ETF during the fourth quarter valued at approximately $60,000.
Alerian MLP ETF Stock Down 0.4%
Shares of AMLP opened at $51.62 on Thursday. The company has a 50 day moving average of $52.56 and a two-hundred day moving average of $51.19. Alerian MLP ETF has a twelve month low of $44.64 and a twelve month high of $55.22. The company has a market cap of $12.12 billion, a price-to-earnings ratio of 14.17 and a beta of 0.50.
Alerian MLP ETF Company 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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