Clarity Financial LLC Purchases New Stake in Alerian MLP ETF $AMLP

Clarity Financial LLC purchased a new stake in Alerian MLP ETF (NYSEARCA:AMLP) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 57,720 shares of the exchange traded fund’s stock, valued at approximately $2,820,000.

Several other hedge funds have also recently bought and sold shares of the business. PFG Investments LLC raised its holdings in Alerian MLP ETF by 3.6% in the second quarter. PFG Investments LLC now owns 23,540 shares of the exchange traded fund’s stock valued at $1,150,000 after buying an additional 822 shares during the period. Truist Financial Corp raised its holdings in Alerian MLP ETF by 0.6% in the second quarter. Truist Financial Corp now owns 88,151 shares of the exchange traded fund’s stock valued at $4,307,000 after buying an additional 529 shares during the period. MBA Advisors LLC raised its holdings in Alerian MLP ETF by 1.1% in the second quarter. MBA Advisors LLC now owns 23,787 shares of the exchange traded fund’s stock valued at $1,162,000 after buying an additional 254 shares during the period. Trivium Point Advisory LLC raised its holdings in Alerian MLP ETF by 42.5% in the second quarter. Trivium Point Advisory LLC now owns 167,696 shares of the exchange traded fund’s stock valued at $8,194,000 after buying an additional 50,040 shares during the period. Finally, BFI Infinity Ltd. raised its holdings in Alerian MLP ETF by 10.3% in the second quarter. BFI Infinity Ltd. now owns 10,163 shares of the exchange traded fund’s stock valued at $497,000 after buying an additional 953 shares during the period.

Alerian MLP ETF Stock Performance

NYSEARCA AMLP opened at $46.88 on Thursday. Alerian MLP ETF has a one year low of $43.75 and a one year high of $53.24. The company’s 50 day moving average price is $48.21 and its 200 day moving average price is $48.67. The firm has a market capitalization of $10.08 billion, a price-to-earnings ratio of 14.17 and a beta of 1.42.

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.