Alerian MLP ETF $AMLP Shares Purchased by North Star Investment Management Corp.

North Star Investment Management Corp. raised its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 28.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 286,205 shares of the exchange traded fund’s stock after acquiring an additional 63,244 shares during the period. Alerian MLP ETF makes up 0.9% of North Star Investment Management Corp.’s portfolio, making the stock its 16th biggest position. North Star Investment Management Corp. owned about 0.12% of Alerian MLP ETF worth $15,066,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mayfair Advisory Group LLC raised its holdings in Alerian MLP ETF by 3.4% in the first quarter. Mayfair Advisory Group LLC now owns 6,079 shares of the exchange traded fund’s stock valued at $320,000 after buying an additional 200 shares during the period. J2 Capital Management Inc raised its holdings in shares of Alerian MLP ETF by 4.2% during the 4th quarter. J2 Capital Management Inc now owns 5,348 shares of the exchange traded fund’s stock valued at $251,000 after buying an additional 218 shares during the period. CWA Asset Management Group LLC lifted its position in Alerian MLP ETF by 1.1% during the 4th quarter. CWA Asset Management Group LLC now owns 19,438 shares of the exchange traded fund’s stock worth $914,000 after acquiring an additional 220 shares in the last quarter. Shepherd Kaplan Krochuk LLC lifted its position in Alerian MLP ETF by 2.2% during the 3rd quarter. Shepherd Kaplan Krochuk LLC now owns 10,866 shares of the exchange traded fund’s stock worth $510,000 after acquiring an additional 237 shares in the last quarter. Finally, Bogart Wealth LLC boosted its holdings in Alerian MLP ETF by 4.4% in the 4th quarter. Bogart Wealth LLC now owns 5,721 shares of the exchange traded fund’s stock worth $269,000 after acquiring an additional 242 shares during the period.

Alerian MLP ETF Price Performance

Shares of NYSEARCA:AMLP opened at $51.44 on Monday. Alerian MLP ETF has a 52-week low of $44.64 and a 52-week high of $55.22. The company has a 50 day moving average of $52.54 and a two-hundred day moving average of $51.10. The company has a market capitalization of $12.00 billion, a price-to-earnings ratio of 14.17 and a beta of 0.50.

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).