Apollon Wealth Management LLC Has $3.90 Million Holdings in Alerian MLP ETF (NYSEARCA:AMLP)

Apollon Wealth Management LLC grew its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 4.0% in the 4th quarter, HoldingsChannel reports. The fund owned 80,999 shares of the exchange traded fund’s stock after purchasing an additional 3,101 shares during the quarter. Apollon Wealth Management LLC’s holdings in Alerian MLP ETF were worth $3,901,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Retirement Planning Group LLC increased its holdings in shares of Alerian MLP ETF by 2.9% during the third quarter. Retirement Planning Group LLC now owns 7,830 shares of the exchange traded fund’s stock worth $369,000 after purchasing an additional 218 shares during the period. Capital Investment Advisory Services LLC increased its stake in Alerian MLP ETF by 2.8% in the fourth quarter. Capital Investment Advisory Services LLC now owns 8,024 shares of the exchange traded fund’s stock valued at $386,000 after acquiring an additional 222 shares during the last quarter. Opal Wealth Advisors LLC increased its stake in Alerian MLP ETF by 2.7% in the third quarter. Opal Wealth Advisors LLC now owns 9,167 shares of the exchange traded fund’s stock valued at $432,000 after acquiring an additional 242 shares during the last quarter. Mach 1 Financial Group LLC increased its stake in Alerian MLP ETF by 2.4% in the third quarter. Mach 1 Financial Group LLC now owns 10,487 shares of the exchange traded fund’s stock valued at $494,000 after acquiring an additional 244 shares during the last quarter. Finally, Kathleen S. Wright Associates Inc. increased its stake in Alerian MLP ETF by 17.1% in the fourth quarter. Kathleen S. Wright Associates Inc. now owns 1,810 shares of the exchange traded fund’s stock valued at $87,000 after acquiring an additional 264 shares during the last quarter.

Alerian MLP ETF Price Performance

Shares of NYSEARCA:AMLP opened at $52.18 on Friday. The company’s 50 day simple moving average is $49.98 and its 200 day simple moving average is $48.25. The stock has a market capitalization of $9.39 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a 1 year low of $43.02 and a 1 year high of $53.24.

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.