Keewaydin Investments LLC bought a new position in shares of Alerian MLP ETF (NYSEARCA:AMLP – Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 45,472 shares of the exchange traded fund’s stock, valued at approximately $2,138,000. Alerian MLP ETF comprises about 0.6% of Keewaydin Investments LLC’s portfolio, making the stock its 9th largest holding.
A number of other hedge funds have also modified their holdings of the business. Greenspring Advisors LLC purchased a new position in shares of Alerian MLP ETF during the fourth quarter worth approximately $1,622,000. Lido Advisors LLC lifted its holdings in shares of Alerian MLP ETF by 0.8% during the fourth quarter. Lido Advisors LLC now owns 124,511 shares of the exchange traded fund’s stock worth $5,844,000 after purchasing an additional 972 shares during the period. Elgethun Capital Management lifted its holdings in shares of Alerian MLP ETF by 6.1% during the fourth quarter. Elgethun Capital Management now owns 188,564 shares of the exchange traded fund’s stock worth $8,866,000 after purchasing an additional 10,870 shares during the period. Dover Advisors LLC lifted its holdings in shares of Alerian MLP ETF by 7.1% during the fourth quarter. Dover Advisors LLC now owns 9,368 shares of the exchange traded fund’s stock worth $440,000 after purchasing an additional 625 shares during the period. Finally, Allen Investment Management LLC lifted its holdings in shares of Alerian MLP ETF by 7.1% during the fourth quarter. Allen Investment Management LLC now owns 3,751,091 shares of the exchange traded fund’s stock worth $176,376,000 after purchasing an additional 249,766 shares during the period.
Alerian MLP ETF Price Performance
Shares of NYSEARCA AMLP opened at $52.59 on Thursday. The stock has a fifty day moving average price of $52.87 and a 200 day moving average price of $50.58. Alerian MLP ETF has a 1-year low of $44.64 and a 1-year high of $55.22. The company has a market cap of $12.27 billion, a PE ratio of 14.17 and a beta of 0.52.
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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