Everest Financial Group LLC acquired a new position in shares of Alerian MLP ETF (NYSEARCA:AMLP – Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 22,300 shares of the exchange traded fund’s stock, valued at approximately $1,174,000.
Other large investors also recently modified their holdings of the company. Global Trust Asset Management LLC raised its holdings 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 purchasing an additional 600 shares during the period. Flagship Harbor Advisors LLC bought a new position in shares of Alerian MLP ETF during the 4th quarter worth about $43,000. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Alerian MLP ETF by 800.0% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,125 shares of the exchange traded fund’s stock valued at $53,000 after buying an additional 1,000 shares during the period. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in shares of Alerian MLP ETF in the 4th quarter valued at about $57,000. Finally, Palladiem LLC acquired a new stake in shares of Alerian MLP ETF in the 4th quarter valued at about $60,000.
Alerian MLP ETF Price Performance
Shares of Alerian MLP ETF stock opened at $54.99 on Friday. The business has a 50-day simple moving average of $52.74 and a 200 day simple moving average of $51.93. Alerian MLP ETF has a one year low of $44.64 and a one year high of $55.62. The firm has a market capitalization of $12.93 billion, a price-to-earnings ratio of 14.17 and a beta of 0.50.
About Alerian MLP ETF
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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