Csenge Advisory Group bought a new position in shares of Alerian MLP ETF (NYSEARCA:AMLP – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 189,897 shares of the exchange traded fund’s stock, valued at approximately $9,846,000.
A number of other hedge funds have also added to or reduced their stakes in the business. Global Trust Asset Management LLC increased its stake in Alerian MLP ETF by 600.0% in the 1st quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock valued at $37,000 after buying an additional 600 shares during the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in shares of Alerian MLP ETF during the 4th quarter worth about $57,000. Palladiem LLC acquired a new position in shares of Alerian MLP ETF during the 4th quarter worth about $60,000. BROOKFIELD Corp ON bought a new position in shares of Alerian MLP ETF in the 2nd quarter valued at about $65,000. Finally, First Horizon Corp grew its holdings in shares of Alerian MLP ETF by 396.7% in the 4th quarter. First Horizon Corp now owns 1,490 shares of the exchange traded fund’s stock valued at $70,000 after acquiring an additional 1,190 shares in the last quarter.
Alerian MLP ETF Stock Performance
NYSEARCA:AMLP opened at $54.90 on Thursday. Alerian MLP ETF has a 52-week low of $44.64 and a 52-week high of $55.66. The company has a market cap of $12.90 billion, a P/E ratio of 14.17 and a beta of 0.50. The stock’s 50-day simple moving average is $53.33 and its 200 day simple moving average is $52.72.
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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