Quantinno Capital Management LP raised its stake in Alerian MLP ETF (NYSEARCA:AMLP – Free Report) by 18.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 101,354 shares of the exchange traded fund’s stock after buying an additional 16,073 shares during the period. Quantinno Capital Management LP’s holdings in Alerian MLP ETF were worth $5,335,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also made changes to their positions in AMLP. Global Trust Asset Management LLC boosted its stake 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 in the last quarter. Flagship Harbor Advisors LLC purchased a new position in Alerian MLP ETF during the 4th quarter worth $43,000. Whittier Trust Co. of Nevada Inc. raised its stake in Alerian MLP ETF by 800.0% in the fourth 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 last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in Alerian MLP ETF in the fourth quarter valued at about $57,000. Finally, Palladiem LLC acquired a new stake in Alerian MLP ETF in the fourth quarter worth about $60,000.
Alerian MLP ETF Stock Performance
Shares of AMLP stock opened at $55.03 on Friday. Alerian MLP ETF has a fifty-two week low of $44.64 and a fifty-two week 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. The stock’s 50-day simple moving average is $52.91 and its 200-day simple moving average is $52.38.
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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