Asset One Wealth Management LLC Buys New Position in Alerian MLP ETF $AMLP

Asset One Wealth Management LLC bought a new stake in Alerian MLP ETF (NYSEARCA:AMLP) during the 4th quarter, Holdings Channel.com reports. The firm bought 41,946 shares of the exchange traded fund’s stock, valued at approximately $2,080,000.

Other institutional investors have also added to or reduced their stakes in the company. Empirical Asset Management LLC bought a new stake in Alerian MLP ETF in the third quarter valued at approximately $735,000. Algorithmic Investment Models LLC boosted its holdings in Alerian MLP ETF by 21.4% in the third quarter. Algorithmic Investment Models LLC now owns 107,951 shares of the exchange traded fund’s stock valued at $5,066,000 after acquiring an additional 19,039 shares during the last quarter. Evexia Wealth LLC boosted its holdings in Alerian MLP ETF by 76.6% in the fourth quarter. Evexia Wealth LLC now owns 34,676 shares of the exchange traded fund’s stock valued at $1,703,000 after acquiring an additional 15,039 shares during the last quarter. Citigroup Inc. boosted its holdings in Alerian MLP ETF by 19.1% in the third quarter. Citigroup Inc. now owns 163,874 shares of the exchange traded fund’s stock valued at $7,691,000 after acquiring an additional 26,242 shares during the last quarter. Finally, Hollow Brook Wealth Management LLC bought a new stake in Alerian MLP ETF in the third quarter valued at approximately $817,000.

Alerian MLP ETF Price Performance

Shares of AMLP stock opened at $50.61 on Thursday. The business’s 50 day simple moving average is $52.71 and its 200 day simple moving average is $50.94. Alerian MLP ETF has a one year low of $44.64 and a one year high of $55.22. The stock has a market capitalization of $11.80 billion, a PE ratio of 14.17 and a beta of 0.50.

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. 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).