Glaxis Capital Management LLC Makes New $1.42 Million Investment in Alerian MLP ETF $AMLP

Glaxis Capital Management LLC acquired a new stake in Alerian MLP ETF (NYSEARCA:AMLP) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 29,000 shares of the exchange traded fund’s stock, valued at approximately $1,417,000. Alerian MLP ETF makes up about 1.9% of Glaxis Capital Management LLC’s portfolio, making the stock its 17th largest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nova Wealth Management Inc. acquired a new stake in Alerian MLP ETF in the second quarter worth approximately $28,000. Headlands Technologies LLC acquired a new stake in shares of Alerian MLP ETF in the first quarter valued at $31,000. Mid American Wealth Advisory Group Inc. acquired a new stake in shares of Alerian MLP ETF in the second quarter valued at $29,000. Crews Bank & Trust bought a new position in Alerian MLP ETF during the second quarter valued at about $39,000. Finally, Independence Bank of Kentucky grew its holdings in Alerian MLP ETF by 517.5% during the second quarter. Independence Bank of Kentucky now owns 988 shares of the exchange traded fund’s stock worth $48,000 after acquiring an additional 828 shares during the period.

Alerian MLP ETF Trading Up 1.5%

Shares of NYSEARCA AMLP opened at $46.95 on Friday. The firm has a 50-day moving average of $46.77 and a two-hundred day moving average of $47.98. The company has a market capitalization of $10.30 billion, a price-to-earnings ratio of 14.17 and a beta of 0.70. Alerian MLP ETF has a twelve month low of $43.75 and a twelve month 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.