Mattern Wealth Management LLC raised its stake in Alerian MLP ETF (NYSEARCA:AMLP – Free Report) by 57.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,000 shares of the exchange traded fund’s stock after purchasing an additional 3,300 shares during the period. Mattern Wealth Management LLC’s holdings in Alerian MLP ETF were worth $433,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC purchased a new position in shares of Alerian MLP ETF in the 3rd quarter valued at $28,000. Massmutual Trust Co. FSB ADV acquired a new stake in shares of Alerian MLP ETF in the 3rd quarter valued at about $40,000. City State Bank acquired a new position in Alerian MLP ETF during the fourth quarter worth approximately $40,000. ORG Wealth Partners LLC purchased a new stake in Alerian MLP ETF in the third quarter valued at approximately $41,000. Finally, Advisors Asset Management Inc. purchased a new position in shares of Alerian MLP ETF during the third quarter worth approximately $65,000.
Alerian MLP ETF Price Performance
Shares of NYSEARCA:AMLP opened at $51.11 on Tuesday. Alerian MLP ETF has a 1-year low of $43.02 and a 1-year high of $52.82. The stock has a market cap of $9.19 billion, a P/E ratio of 13.08 and a beta of 0.48. The firm has a fifty day moving average price of $49.51 and a 200 day moving average price of $48.03.
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.
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