Fifth Third Bancorp lifted its stake in Alerian MLP ETF (NYSEARCA:AMLP – Free Report) by 3,787.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 120,554 shares of the exchange traded fund’s stock after buying an additional 117,453 shares during the period. Fifth Third Bancorp’s holdings in Alerian MLP ETF were worth $6,346,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of AMLP. Evexia Wealth LLC boosted its stake in 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 valued at $1,703,000 after acquiring an additional 15,039 shares in the last quarter. Sanctuary Advisors LLC increased its position in shares of Alerian MLP ETF by 20.3% during the fourth quarter. Sanctuary Advisors LLC now owns 184,231 shares of the exchange traded fund’s stock worth $8,663,000 after purchasing an additional 31,089 shares in the last quarter. Chickasaw Capital Management LLC purchased a new stake in shares of Alerian MLP ETF in the 4th quarter valued at about $449,000. Spirepoint Private Client LLC lifted its holdings in shares of Alerian MLP ETF by 14.5% in the 4th quarter. Spirepoint Private Client LLC now owns 373,406 shares of the exchange traded fund’s stock valued at $17,558,000 after purchasing an additional 47,217 shares during the last quarter. Finally, Dakota Wealth Management acquired a new stake in shares of Alerian MLP ETF in the 4th quarter valued at about $1,359,000.
Alerian MLP ETF Stock Up 1.4%
Shares of NYSEARCA AMLP opened at $53.95 on Friday. The business has a 50-day moving average price of $52.63 and a 200 day moving average price of $51.65. The stock has a market cap of $12.72 billion, a PE ratio of 14.17 and a beta of 0.50. Alerian MLP ETF has a 52-week low of $44.64 and a 52-week high of $55.22.
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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