Clare Market Investments LLC Takes $6.07 Million Position in Alerian MLP ETF $AMLP

Clare Market Investments LLC bought a new stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 115,291 shares of the exchange traded fund’s stock, valued at approximately $6,069,000. Alerian MLP ETF accounts for about 1.3% of Clare Market Investments LLC’s investment portfolio, making the stock its 15th biggest holding.

A number of other hedge funds have also bought and sold shares of the company. Evexia Wealth LLC raised its position in shares of Alerian MLP ETF by 76.6% in the 4th quarter. Evexia Wealth LLC now owns 34,676 shares of the exchange traded fund’s stock worth $1,703,000 after acquiring an additional 15,039 shares in the last quarter. Hollow Brook Wealth Management LLC bought a new stake in shares of Alerian MLP ETF during the 3rd quarter valued at about $817,000. Sanctuary Advisors LLC boosted its position in shares of Alerian MLP ETF by 20.3% during the 4th quarter. Sanctuary Advisors LLC now owns 184,231 shares of the exchange traded fund’s stock valued at $8,663,000 after purchasing an additional 31,089 shares in the last quarter. Chickasaw Capital Management LLC acquired a new stake in Alerian MLP ETF during the fourth quarter worth approximately $449,000. Finally, Spirepoint Private Client LLC grew its stake in Alerian MLP ETF by 14.5% during the fourth quarter. Spirepoint Private Client LLC now owns 373,406 shares of the exchange traded fund’s stock worth $17,558,000 after purchasing an additional 47,217 shares during the period.

Alerian MLP ETF Stock Performance

Shares of AMLP stock opened at $51.92 on Tuesday. The company has a market cap of $12.19 billion, a P/E ratio of 14.17 and a beta of 0.50. The stock has a 50 day simple moving average of $52.57 and a two-hundred day simple moving average of $51.29. Alerian MLP ETF has a fifty-two week low of $44.64 and a fifty-two week high of $55.22.

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).