Alerian MLP ETF $AMLP Shares Bought by Spirepoint Private Client LLC

Spirepoint Private Client LLC grew its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 5.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 448,645 shares of the exchange traded fund’s stock after purchasing an additional 23,785 shares during the period. Alerian MLP ETF makes up 1.9% of Spirepoint Private Client LLC’s portfolio, making the stock its 16th biggest holding. Spirepoint Private Client LLC owned 0.19% of Alerian MLP ETF worth $23,262,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Global Trust Asset Management LLC raised its holdings in shares of Alerian MLP ETF by 600.0% in the 1st quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock worth $37,000 after purchasing an additional 600 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in Alerian MLP ETF by 800.0% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,125 shares of the exchange traded fund’s stock valued at $53,000 after purchasing an additional 1,000 shares during the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in Alerian MLP ETF during the fourth quarter worth approximately $57,000. Palladiem LLC bought a new stake in Alerian MLP ETF during the fourth quarter worth approximately $60,000. Finally, BROOKFIELD Corp ON acquired a new position in Alerian MLP ETF in the second quarter worth approximately $65,000.

Alerian MLP ETF Stock Performance

Alerian MLP ETF stock opened at $54.96 on Friday. The firm has a market cap of $12.91 billion, a price-to-earnings ratio of 14.17 and a beta of 0.50. Alerian MLP ETF has a 1 year low of $44.64 and a 1 year high of $55.66. The firm’s 50 day moving average price is $53.18 and its two-hundred day moving average price is $52.59.

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. 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).