Sierra Capital LLC Acquires 3,790 Shares of Alerian MLP ETF $AMLP

Sierra Capital LLC raised its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 9.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,681 shares of the exchange traded fund’s stock after purchasing an additional 3,790 shares during the quarter. Sierra Capital LLC’s holdings in Alerian MLP ETF were worth $2,134,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in AMLP. Nova Wealth Management Inc. purchased a new position in shares of Alerian MLP ETF in the 2nd quarter worth about $28,000. Headlands Technologies LLC purchased a new stake in Alerian MLP ETF during the first quarter worth about $31,000. Mid American Wealth Advisory Group Inc. bought a new stake in Alerian MLP ETF in the second quarter worth about $29,000. Crews Bank & Trust purchased a new position in Alerian MLP ETF in the second quarter valued at about $39,000. Finally, Independence Bank of Kentucky boosted its stake in Alerian MLP ETF by 517.5% in the second quarter. Independence Bank of Kentucky now owns 988 shares of the exchange traded fund’s stock valued at $48,000 after acquiring an additional 828 shares during the last quarter.

Alerian MLP ETF Stock Up 1.5%

Alerian MLP ETF stock opened at $46.95 on Monday. The firm has a 50 day moving average price of $46.77 and a 200-day moving average price of $47.97. Alerian MLP ETF has a twelve month low of $43.75 and a twelve month high of $53.24. The company has a market capitalization of $10.30 billion, a P/E ratio of 14.17 and a beta of 0.70.

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.