Trek Financial LLC Invests $2.13 Million in Alerian MLP ETF (NYSEARCA:AMLP)

Trek Financial LLC acquired a new stake in Alerian MLP ETF (NYSEARCA:AMLP) in the 4th quarter, Holdings Channel reports. The fund acquired 44,301 shares of the exchange traded fund’s stock, valued at approximately $2,134,000.

A number of other hedge funds have also made changes to their positions in the stock. Titleist Asset Management LLC boosted its stake in Alerian MLP ETF by 133.8% during the 4th quarter. Titleist Asset Management LLC now owns 37,330 shares of the exchange traded fund’s stock valued at $1,798,000 after purchasing an additional 21,363 shares in the last quarter. Hurley Capital LLC acquired a new stake in shares of Alerian MLP ETF in the fourth quarter valued at $32,000. Islay Capital Management LLC boosted its stake in Alerian MLP ETF by 2.1% during the fourth quarter. Islay Capital Management LLC now owns 21,841 shares of the exchange traded fund’s stock valued at $1,052,000 after buying an additional 444 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Alerian MLP ETF by 19.4% during the fourth quarter. Wells Fargo & Company MN now owns 6,299,345 shares of the exchange traded fund’s stock valued at $303,376,000 after buying an additional 1,023,323 shares in the last quarter. Finally, Allen Wealth Management LLC grew its holdings in Alerian MLP ETF by 0.4% during the fourth quarter. Allen Wealth Management LLC now owns 324,775 shares of the exchange traded fund’s stock worth $15,641,000 after acquiring an additional 1,164 shares during the period.

Alerian MLP ETF Trading Down 7.1 %

Shares of NYSEARCA AMLP opened at $47.02 on Monday. Alerian MLP ETF has a twelve month low of $44.21 and a twelve month high of $53.24. The firm has a 50-day moving average of $51.56 and a two-hundred day moving average of $49.55. The company has a market capitalization of $9.75 billion, a price-to-earnings ratio of 14.02 and a beta of 0.99.

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.