World Investment Advisors Buys 23,421 Shares of Alerian MLP ETF $AMLP

World Investment Advisors increased its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 229.8% during the 1st quarter, Holdings Channel reports. The fund owned 33,612 shares of the exchange traded fund’s stock after buying an additional 23,421 shares during the quarter. World Investment Advisors’ holdings in Alerian MLP ETF were worth $1,769,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. Global Trust Asset Management LLC grew 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 valued at $37,000 after buying an additional 600 shares during the period. Flagship Harbor Advisors LLC acquired a new stake in Alerian MLP ETF during the 4th quarter worth $43,000. Whittier Trust Co. of Nevada Inc. lifted its holdings 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 worth $53,000 after acquiring an additional 1,000 shares in the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in Alerian MLP ETF in the fourth quarter valued at about $57,000. Finally, Palladiem LLC acquired a new position in Alerian MLP ETF in the fourth quarter valued at about $60,000.

Alerian MLP ETF Stock Performance

Shares of AMLP opened at $52.87 on Wednesday. The stock has a 50 day simple moving average of $52.59 and a 200 day simple moving average of $51.33. Alerian MLP ETF has a 52-week low of $44.64 and a 52-week high of $55.22. The firm has a market capitalization of $12.41 billion, a PE ratio of 14.17 and a beta of 0.50.

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).