Moran Wealth Management LLC bought a new stake in shares of Alerian MLP ETF (NYSEARCA:AMLP – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 58,624 shares of the exchange traded fund’s stock, valued at approximately $2,299,000.
A number of other institutional investors have also added to or reduced their stakes in AMLP. Barrett & Company Inc. purchased a new position in Alerian MLP ETF during the 1st quarter valued at about $29,000. Sanctuary Wealth Management L.L.C. purchased a new position in Alerian MLP ETF during the 4th quarter valued at about $29,000. Johnson Midwest Financial LLC purchased a new position in Alerian MLP ETF during the 2nd quarter valued at about $31,000. ICA Group Wealth Management LLC purchased a new position in shares of Alerian MLP ETF in the 4th quarter worth approximately $34,000. Finally, Ancora Advisors LLC grew its position in shares of Alerian MLP ETF by 114.3% in the 1st quarter. Ancora Advisors LLC now owns 1,200 shares of the exchange traded fund’s stock worth $37,000 after buying an additional 640 shares during the last quarter.
Alerian MLP ETF Stock Down 0.0 %
Shares of Alerian MLP ETF stock opened at $42.69 on Tuesday. The firm’s 50 day moving average price is $42.13 and its 200-day moving average price is $40.63. Alerian MLP ETF has a 52-week low of $35.68 and a 52-week high of $43.90. The company has a market cap of $6.99 billion, a P/E ratio of 13.30 and a beta of 1.42.
About Alerian MLP ETF
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.
- Five stocks we like better than Alerian MLP ETF
- How to Invest in Social Media
- Safeguard your portfolio with these three bargain stocks
- What is Forex and How Does it Work?
- Membership clubs gain leverage for the consumer rebound
- What Are Defense Contractor Stocks? How to Invest in Defense
- Advanced Auto Parts may be worth more in pieces than the whole
Receive News & Ratings for Alerian MLP ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alerian MLP ETF and related companies with MarketBeat.com's FREE daily email newsletter.