Valen Private Capital LLC Buys New Stake in Alerian MLP ETF $AMLP

Valen Private Capital LLC purchased a new position in shares of Alerian MLP ETF (NYSEARCA:AMLP) during the 3rd quarter, HoldingsChannel reports. The firm purchased 122,860 shares of the exchange traded fund’s stock, valued at approximately $6,373,000. Alerian MLP ETF accounts for about 2.0% of Valen Private Capital LLC’s holdings, making the stock its 18th largest holding.

Several other hedge funds also recently modified their holdings of the business. NTV Asset Management LLC boosted its holdings in Alerian MLP ETF by 3.5% in the third quarter. NTV Asset Management LLC now owns 135,827 shares of the exchange traded fund’s stock worth $7,045,000 after purchasing an additional 4,649 shares in the last quarter. Evergreen Capital Management LLC increased its position in Alerian MLP ETF by 2.1% during the third quarter. Evergreen Capital Management LLC now owns 174,986 shares of the exchange traded fund’s stock worth $9,077,000 after buying an additional 3,669 shares during the last quarter. Tectonic Advisors LLC increased its position in Alerian MLP ETF by 3.0% during the third quarter. Tectonic Advisors LLC now owns 288,621 shares of the exchange traded fund’s stock worth $14,971,000 after buying an additional 8,411 shares during the last quarter. Mills Wealth Advisors LLC raised its holdings in Alerian MLP ETF by 0.7% during the third quarter. Mills Wealth Advisors LLC now owns 66,263 shares of the exchange traded fund’s stock valued at $3,437,000 after buying an additional 453 shares in the last quarter. Finally, WP Advisors LLC raised its holdings in Alerian MLP ETF by 22.9% during the third quarter. WP Advisors LLC now owns 41,094 shares of the exchange traded fund’s stock valued at $2,132,000 after buying an additional 7,653 shares in the last quarter.

Alerian MLP ETF Price Performance

NYSEARCA AMLP opened at $53.14 on Friday. Alerian MLP ETF has a fifty-two week low of $46.04 and a fifty-two week high of $56.43. The stock’s 50-day moving average is $54.06 and its two-hundred day moving average is $53.39. The firm has a market cap of $12.82 billion, a P/E 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).