Alerian MLP ETF $AMLP Shares Bought by Asset One Wealth Management LLC

Asset One Wealth Management LLC increased its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 22.5% in the third quarter, Holdings Channel.com reports. The institutional investor owned 62,556 shares of the exchange traded fund’s stock after acquiring an additional 11,505 shares during the period. Asset One Wealth Management LLC’s holdings in Alerian MLP ETF were worth $3,245,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Hollencrest Capital Management bought a new stake in Alerian MLP ETF in the 2nd quarter valued at about $35,000. Financial Network Wealth Advisors LLC acquired a new stake in Alerian MLP ETF in the third quarter valued at approximately $38,000. Independence Bank of Kentucky lifted its position in Alerian MLP ETF by 75.0% during the 3rd quarter. Independence Bank of Kentucky now owns 805 shares of the exchange traded fund’s stock worth $42,000 after acquiring an additional 345 shares during the period. MCF Advisors LLC purchased a new stake in shares of Alerian MLP ETF during the second quarter worth about $46,000. Finally, Foresight Capital Management Advisors Inc. acquired a new position in Alerian MLP ETF in the 3rd quarter worth $65,000.

Alerian MLP ETF Stock Performance

Shares of AMLP stock opened at $50.24 on Friday. The firm has a fifty day moving average of $53.54 and a 200-day moving average of $52.90. The stock has a market cap of $12.08 billion, a price-to-earnings ratio of 14.17 and a beta of 0.53. Alerian MLP ETF has a 52-week low of $46.04 and a 52-week high of $56.43.

Alerian MLP ETF 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).