Savant Capital LLC lifted its stake in Alerian MLP ETF (NYSEARCA:AMLP – Free Report) by 43.9% during the fourth quarter, HoldingsChannel reports. The fund owned 37,323 shares of the exchange traded fund’s stock after purchasing an additional 11,393 shares during the quarter. Savant Capital LLC’s holdings in Alerian MLP ETF were worth $1,755,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Empirical Asset Management LLC acquired a new position in shares of Alerian MLP ETF in the third quarter worth $735,000. Algorithmic Investment Models LLC increased its stake in shares of Alerian MLP ETF by 21.4% in the third quarter. Algorithmic Investment Models LLC now owns 107,951 shares of the exchange traded fund’s stock worth $5,066,000 after acquiring an additional 19,039 shares during the last quarter. Ashton Thomas Private Wealth LLC increased its stake in shares of Alerian MLP ETF by 79.6% in the third quarter. Ashton Thomas Private Wealth LLC now owns 47,417 shares of the exchange traded fund’s stock worth $2,225,000 after acquiring an additional 21,021 shares during the last quarter. Evexia Wealth LLC increased its stake in shares of Alerian MLP ETF by 76.6% in the fourth quarter. Evexia Wealth LLC now owns 34,676 shares of the exchange traded fund’s stock worth $1,703,000 after acquiring an additional 15,039 shares during the last quarter. Finally, Citigroup Inc. increased its stake in shares of Alerian MLP ETF by 19.1% in the third quarter. Citigroup Inc. now owns 163,874 shares of the exchange traded fund’s stock worth $7,691,000 after acquiring an additional 26,242 shares during the last quarter.
Alerian MLP ETF Stock Performance
NYSEARCA AMLP opened at $51.60 on Monday. Alerian MLP ETF has a 1-year low of $44.64 and a 1-year high of $55.22. The company has a market capitalization of $12.03 billion, a PE ratio of 14.17 and a beta of 0.52. The firm’s fifty day simple moving average is $52.90 and its 200-day simple moving average is $50.46.
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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