Mutual Advisors LLC Boosts Stock Position in Alerian MLP ETF (NYSEARCA:AMLP)

Mutual Advisors LLC lifted its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 154.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,392 shares of the exchange traded fund’s stock after purchasing an additional 8,726 shares during the period. Mutual Advisors LLC’s holdings in Alerian MLP ETF were worth $612,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Premier Path Wealth Partners LLC purchased a new stake in shares of Alerian MLP ETF during the fourth quarter worth about $214,000. Herbst Group LLC lifted its holdings in Alerian MLP ETF by 0.7% in the fourth quarter. Herbst Group LLC now owns 112,471 shares of the exchange traded fund’s stock worth $4,782,000 after buying an additional 807 shares during the period. Summit Financial Group Inc. purchased a new stake in Alerian MLP ETF in the fourth quarter worth about $225,000. Westside Investment Management Inc. lifted its holdings in Alerian MLP ETF by 9.4% in the fourth quarter. Westside Investment Management Inc. now owns 26,500 shares of the exchange traded fund’s stock worth $1,127,000 after buying an additional 2,279 shares during the period. Finally, Advisor Resource Council purchased a new stake in Alerian MLP ETF in the fourth quarter worth about $250,000.

Alerian MLP ETF Price Performance

Shares of AMLP opened at $47.08 on Thursday. Alerian MLP ETF has a one year low of $37.06 and a one year high of $47.50. The company has a 50-day simple moving average of $45.31 and a two-hundred day simple moving average of $43.42. The firm has a market capitalization of $7.71 billion, a PE 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.