Heffernan Advisory Inc. Takes Position in Alerian MLP ETF $AMLP

Heffernan Advisory Inc. purchased a new stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 15,707 shares of the exchange traded fund’s stock, valued at approximately $739,000. Alerian MLP ETF comprises approximately 0.7% of Heffernan Advisory Inc.’s portfolio, making the stock its 16th biggest position.

A number of other large investors have also recently modified their holdings of AMLP. Orion Porfolio Solutions LLC boosted its position in shares of Alerian MLP ETF by 326.3% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 1,039,696 shares of the exchange traded fund’s stock valued at $50,800,000 after acquiring an additional 795,787 shares during the last quarter. Assetmark Inc. boosted its position in shares of Alerian MLP ETF by 1,024.7% during the 3rd quarter. Assetmark Inc. now owns 716,978 shares of the exchange traded fund’s stock valued at $33,648,000 after acquiring an additional 653,230 shares during the last quarter. US Bancorp DE boosted its position in shares of Alerian MLP ETF by 57.6% during the 3rd quarter. US Bancorp DE now owns 1,197,958 shares of the exchange traded fund’s stock valued at $56,220,000 after acquiring an additional 437,947 shares during the last quarter. Allen Investment Management LLC boosted its position in shares of Alerian MLP ETF by 9.1% during the 3rd quarter. Allen Investment Management LLC now owns 3,501,325 shares of the exchange traded fund’s stock valued at $164,317,000 after acquiring an additional 291,011 shares during the last quarter. Finally, Gateway Wealth Partners LLC boosted its position in shares of Alerian MLP ETF by 2,756.5% during the 3rd quarter. Gateway Wealth Partners LLC now owns 294,910 shares of the exchange traded fund’s stock valued at $13,840,000 after acquiring an additional 284,586 shares during the last quarter.

Alerian MLP ETF Trading Down 0.4%

Shares of AMLP opened at $53.16 on Friday. The company has a market cap of $12.40 billion, a PE ratio of 14.17 and a beta of 0.52. Alerian MLP ETF has a 12-month low of $44.64 and a 12-month high of $54.25. The stock has a 50-day moving average price of $52.46 and a 200-day moving average price of $49.68.

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).