EagleClaw Capital Managment LLC Purchases New Shares in Alerian MLP ETF $AMLP

EagleClaw Capital Managment LLC purchased a new position in shares of Alerian MLP ETF (NYSEARCA:AMLP) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 67,320 shares of the exchange traded fund’s stock, valued at approximately $3,492,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Hollencrest Capital Management purchased a new position in shares of Alerian MLP ETF during the 2nd quarter worth approximately $35,000. Financial Network Wealth Advisors LLC acquired a new stake in shares of Alerian MLP ETF in the 3rd quarter valued at approximately $38,000. Independence Bank of Kentucky lifted its holdings in shares of Alerian MLP ETF by 75.0% in the 3rd quarter. Independence Bank of Kentucky now owns 805 shares of the exchange traded fund’s stock valued at $42,000 after buying an additional 345 shares during the period. MCF Advisors LLC acquired a new stake in shares of Alerian MLP ETF in the 2nd quarter valued at approximately $46,000. Finally, Three Bridge Wealth Advisors LLC purchased a new stake in shares of Alerian MLP ETF in the third quarter valued at approximately $55,000.

Alerian MLP ETF Price Performance

Alerian MLP ETF stock opened at $50.70 on Friday. The stock’s 50 day moving average price is $53.06 and its 200 day moving average price is $52.93. Alerian MLP ETF has a 1-year low of $46.28 and a 1-year high of $56.43. The company has a market cap of $12.19 billion, a PE ratio of 11.64 and a beta of 0.53.

Alerian MLP ETF 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).