Verdence Capital Advisors LLC Purchases New Stake in Alerian MLP ETF $AMLP

Verdence Capital Advisors LLC purchased a new stake in Alerian MLP ETF (NYSEARCA:AMLP) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 91,878 shares of the exchange traded fund’s stock, valued at approximately $4,766,000.

A number of other institutional investors also recently modified their holdings of AMLP. Hollencrest Capital Management purchased a new position in Alerian MLP ETF in the 2nd quarter valued at approximately $35,000. Global Trust Asset Management LLC lifted its position in shares of Alerian MLP ETF by 600.0% during the first quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock worth $37,000 after acquiring an additional 600 shares in the last quarter. MCF Advisors LLC purchased a new stake in shares of Alerian MLP ETF during the second quarter worth $46,000. Root Financial Partners LLC purchased a new stake in shares of Alerian MLP ETF during the third quarter worth $79,000. Finally, NFSG Corp boosted its holdings in shares of Alerian MLP ETF by 30.4% in the first quarter. NFSG Corp now owns 1,857 shares of the exchange traded fund’s stock worth $98,000 after acquiring an additional 433 shares during the period.

Alerian MLP ETF Stock Performance

Shares of NYSEARCA AMLP opened at $53.32 on Tuesday. The stock has a market cap of $12.86 billion, a PE ratio of 14.17 and a beta of 0.54. Alerian MLP ETF has a fifty-two week low of $46.04 and a fifty-two week high of $56.43. The stock has a fifty day moving average of $54.01 and a 200-day moving average of $52.72.

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).