1832 Asset Management L.P. Acquires 703,620 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

1832 Asset Management L.P. boosted its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 58.2% in the 1st quarter, Holdings Channel.com reports. The firm owned 1,912,850 shares of the exchange traded fund’s stock after purchasing an additional 703,620 shares during the quarter. 1832 Asset Management L.P.’s holdings in Alerian MLP ETF were worth $90,784,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in AMLP. Westwood Holdings Group Inc. lifted its position in shares of Alerian MLP ETF by 32.5% in the 1st quarter. Westwood Holdings Group Inc. now owns 16,844 shares of the exchange traded fund’s stock worth $799,000 after acquiring an additional 4,129 shares during the period. Axxcess Wealth Management LLC lifted its position in shares of Alerian MLP ETF by 9.4% in the 1st quarter. Axxcess Wealth Management LLC now owns 47,035 shares of the exchange traded fund’s stock worth $2,232,000 after acquiring an additional 4,049 shares during the period. EP Wealth Advisors LLC bought a new stake in shares of Alerian MLP ETF in the 1st quarter worth approximately $228,000. Freestone Capital Holdings LLC lifted its position in shares of Alerian MLP ETF by 0.8% in the 1st quarter. Freestone Capital Holdings LLC now owns 52,399 shares of the exchange traded fund’s stock worth $2,487,000 after acquiring an additional 414 shares during the period. Finally, Sculati Wealth Management LLC lifted its position in shares of Alerian MLP ETF by 1.6% in the 1st quarter. Sculati Wealth Management LLC now owns 59,447 shares of the exchange traded fund’s stock worth $2,821,000 after acquiring an additional 960 shares during the period.

Alerian MLP ETF Stock Up 0.8 %

Shares of AMLP stock traded up $0.38 during mid-day trading on Friday, reaching $48.10. The stock had a trading volume of 1,366,597 shares, compared to its average volume of 1,250,196. Alerian MLP ETF has a one year low of $40.03 and a one year high of $49.44. The firm’s 50 day simple moving average is $47.16 and its 200 day simple moving average is $46.32. The firm has a market cap of $8.65 billion, a PE ratio of 13.08 and a beta of 0.48.

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.