Sacks & Associates LLC purchased a new position in Alerian MLP ETF (NYSEARCA:AMLP – Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 85,792 shares of the exchange traded fund’s stock, valued at approximately $4,450,000. Alerian MLP ETF makes up about 3.2% of Sacks & Associates LLC’s investment portfolio, making the stock its 10th largest holding.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Castleview Partners LLC increased its holdings in shares of Alerian MLP ETF by 6.8% in the 3rd quarter. Castleview Partners LLC now owns 10,603 shares of the exchange traded fund’s stock valued at $550,000 after acquiring an additional 674 shares during the last quarter. Capital Advisors Wealth Management LLC lifted its stake in Alerian MLP ETF by 20.5% during the third quarter. Capital Advisors Wealth Management LLC now owns 115,077 shares of the exchange traded fund’s stock worth $5,969,000 after purchasing an additional 19,608 shares during the last quarter. BOS Asset Management LLC boosted its holdings in Alerian MLP ETF by 14.3% in the third quarter. BOS Asset Management LLC now owns 29,850 shares of the exchange traded fund’s stock worth $1,548,000 after purchasing an additional 3,725 shares during the period. Prota Financial LLC boosted its holdings in Alerian MLP ETF by 1.8% in the third quarter. Prota Financial LLC now owns 103,612 shares of the exchange traded fund’s stock worth $5,415,000 after purchasing an additional 1,813 shares during the period. Finally, Diversified Management Inc. bought a new stake in Alerian MLP ETF during the third quarter valued at $202,000.
Alerian MLP ETF Stock Performance
Shares of NYSEARCA:AMLP opened at $52.56 on Friday. The company’s fifty day moving average is $54.52 and its two-hundred day moving average is $53.42. Alerian MLP ETF has a 1-year low of $44.64 and a 1-year high of $56.43. The stock has a market capitalization of $12.67 billion, a price-to-earnings ratio of 14.17 and a beta of 0.54.
Alerian MLP ETF Company 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).
Further Reading
- Five stocks we like better than Alerian MLP ETF
- MarketBeat Week in Review – 10/05 – 10/09
- Alphabet Introduces Gemini Agent—Can It Trigger a Breakout?
- Palantir’s Rally Puts Wall Street in Catch-Up Mode Ahead of November Earnings
- Tilray Finds a Path to Growth Without Waiting on U.S. Cannabis Reform
Want to see what other hedge funds are holding AMLP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alerian MLP ETF (NYSEARCA:AMLP – Free Report).
Receive News & Ratings for Alerian MLP ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alerian MLP ETF and related companies with MarketBeat.com's FREE daily email newsletter.
