Auour Investments LLC bought a new stake in Alerian MLP ETF (NYSEARCA:AMLP – Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 19,458 shares of the exchange traded fund’s stock, valued at approximately $763,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Financial Gravity Asset Management Inc. acquired a new stake in Alerian MLP ETF in the first quarter worth approximately $1,338,000. Barrett & Company Inc. acquired a new stake in Alerian MLP ETF in the first quarter worth approximately $29,000. Sanctuary Wealth Management L.L.C. acquired a new stake in Alerian MLP ETF in the fourth quarter worth approximately $29,000. ICA Group Wealth Management LLC acquired a new stake in Alerian MLP ETF in the fourth quarter worth approximately $34,000. Finally, Ridgewood Investments LLC acquired a new stake in Alerian MLP ETF in the first quarter worth approximately $42,000.
Alerian MLP ETF Stock Down 0.1 %
AMLP traded down $0.04 during trading on Friday, reaching $41.76. The stock had a trading volume of 246,386 shares, compared to its average volume of 1,277,952. The stock has a 50 day moving average of $40.91 and a two-hundred day moving average of $39.44. Alerian MLP ETF has a 1-year low of $34.69 and a 1-year high of $42.47. The firm has a market capitalization of $6.84 billion, a price-to-earnings ratio of 13.30 and a beta of 1.42.
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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