Bard Associates Inc. Takes $388,000 Position in Alerian MLP ETF (NYSEARCA:AMLP)

Bard Associates Inc. bought a new position in shares of Alerian MLP ETF (NYSEARCA:AMLP) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 8,223 shares of the exchange traded fund’s stock, valued at approximately $388,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Retirement Planning Group LLC increased its holdings in shares of Alerian MLP ETF by 24.3% in the second quarter. Retirement Planning Group LLC now owns 7,612 shares of the exchange traded fund’s stock valued at $365,000 after purchasing an additional 1,489 shares during the last quarter. Dynamic Advisor Solutions LLC grew its holdings in shares of Alerian MLP ETF by 22.2% in the second quarter. Dynamic Advisor Solutions LLC now owns 14,711 shares of the exchange traded fund’s stock valued at $706,000 after purchasing an additional 2,673 shares during the period. EP Wealth Advisors LLC purchased a new stake in shares of Alerian MLP ETF in the first quarter valued at about $228,000. Optimum Investment Advisors raised its stake in Alerian MLP ETF by 40.0% during the second quarter. Optimum Investment Advisors now owns 1,400 shares of the exchange traded fund’s stock worth $67,000 after purchasing an additional 400 shares during the period. Finally, Envestnet Portfolio Solutions Inc. boosted its holdings in Alerian MLP ETF by 94.4% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 15,676 shares of the exchange traded fund’s stock valued at $744,000 after purchasing an additional 7,614 shares during the last quarter.

Alerian MLP ETF Trading Up 1.0 %

NYSEARCA AMLP opened at $47.45 on Friday. The stock has a market cap of $8.54 billion, a PE ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a twelve month low of $41.06 and a twelve month high of $49.44. The stock has a fifty day simple moving average of $47.22 and a 200-day simple moving average of $47.06.

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.