SMART Wealth LLC grew its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP – Free Report) by 12.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 78,403 shares of the exchange traded fund’s stock after buying an additional 8,399 shares during the period. Alerian MLP ETF accounts for 1.3% of SMART Wealth LLC’s portfolio, making the stock its 20th largest position. SMART Wealth LLC’s holdings in Alerian MLP ETF were worth $3,776,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new position in shares of Alerian MLP ETF in the 3rd quarter worth about $28,000. City State Bank purchased a new stake in Alerian MLP ETF in the fourth quarter worth approximately $40,000. ORG Wealth Partners LLC bought a new position in Alerian MLP ETF during the third quarter valued at approximately $41,000. Advisors Asset Management Inc. purchased a new position in shares of Alerian MLP ETF during the third quarter worth approximately $65,000. Finally, Rosenberg Matthew Hamilton lifted its holdings in shares of Alerian MLP ETF by 803.5% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 1,545 shares of the exchange traded fund’s stock worth $73,000 after acquiring an additional 1,374 shares during the last quarter.
Alerian MLP ETF Price Performance
Shares of AMLP stock opened at $52.35 on Friday. The business has a 50-day moving average of $49.96 and a 200 day moving average of $48.23. Alerian MLP ETF has a 1-year low of $43.02 and a 1-year high of $53.24. The stock has a market capitalization of $9.42 billion, a PE ratio of 13.08 and a beta of 0.48.
About Alerian MLP ETF
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.
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