Elgethun Capital Management Increases Holdings in Alerian MLP ETF (NYSEARCA:AMLP)

Elgethun Capital Management increased its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 2.0% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 156,103 shares of the exchange traded fund’s stock after purchasing an additional 3,098 shares during the period. Alerian MLP ETF accounts for 1.8% of Elgethun Capital Management’s investment portfolio, making the stock its 14th largest position. Elgethun Capital Management owned about 0.10% of Alerian MLP ETF worth $6,121,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in AMLP. Moneta Group Investment Advisors LLC lifted its holdings in shares of Alerian MLP ETF by 270,500.9% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 16,135,934 shares of the exchange traded fund’s stock worth $614,295,000 after buying an additional 16,129,971 shares in the last quarter. Cowa LLC boosted its holdings in Alerian MLP ETF by 10,043.4% in the 1st quarter. Cowa LLC now owns 5,232,801 shares of the exchange traded fund’s stock valued at $2,004,000 after purchasing an additional 5,181,213 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Alerian MLP ETF by 54.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 14,607,500 shares of the exchange traded fund’s stock valued at $559,467,000 after purchasing an additional 5,174,427 shares in the last quarter. Mirabella Financial Services LLP bought a new position in shares of Alerian MLP ETF in the first quarter worth $14,860,000. Finally, Advisors Preferred LLC purchased a new stake in shares of Alerian MLP ETF in the first quarter worth $11,081,000.

Alerian MLP ETF Stock Up 0.4 %

NYSEARCA:AMLP traded up $0.16 during trading hours on Tuesday, hitting $42.88. 161,996 shares of the company’s stock traded hands, compared to its average volume of 1,380,786. Alerian MLP ETF has a 52 week low of $35.68 and a 52 week high of $43.90. The business’s fifty day simple moving average is $42.13 and its two-hundred day simple moving average is $40.63. The firm has a market cap of $7.02 billion, a P/E 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.