Westbourne Investment Advisors Inc. purchased a new stake in shares of Alerian MLP ETF (NYSEARCA:AMLP – Free Report) in the second quarter, HoldingsChannel.com reports. The firm purchased 7,765 shares of the exchange traded fund’s stock, valued at approximately $379,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nova Wealth Management Inc. purchased a new position in Alerian MLP ETF in the 2nd quarter valued at about $28,000. Headlands Technologies LLC purchased a new stake in shares of Alerian MLP ETF during the first quarter worth about $31,000. Mid American Wealth Advisory Group Inc. acquired a new position in shares of Alerian MLP ETF in the second quarter worth about $29,000. Crews Bank & Trust purchased a new position in Alerian MLP ETF in the second quarter valued at about $39,000. Finally, Independence Bank of Kentucky boosted its holdings in Alerian MLP ETF by 517.5% in the second quarter. Independence Bank of Kentucky now owns 988 shares of the exchange traded fund’s stock valued at $48,000 after purchasing an additional 828 shares during the last quarter.
Alerian MLP ETF Stock Up 0.3%
Shares of NYSEARCA AMLP opened at $47.35 on Tuesday. Alerian MLP ETF has a fifty-two week low of $43.75 and a fifty-two week high of $53.24. The business has a 50 day moving average price of $46.88 and a two-hundred day moving average price of $48.04. The firm has a market cap of $10.39 billion, a PE ratio of 14.17 and a beta of 0.70.
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.
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Want to see what other hedge funds are holding AMLP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alerian MLP ETF (NYSEARCA:AMLP – Free Report).
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