Elgethun Capital Management Has $8.27 Million Position in Alerian MLP ETF (NYSEARCA:AMLP)

Elgethun Capital Management boosted its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 3.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 171,730 shares of the exchange traded fund’s stock after purchasing an additional 5,519 shares during the quarter. Alerian MLP ETF accounts for about 2.0% of Elgethun Capital Management’s investment portfolio, making the stock its 16th biggest holding. Elgethun Capital Management owned about 0.10% of Alerian MLP ETF worth $8,271,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Strategic Financial Concepts LLC bought a new stake in shares of Alerian MLP ETF in the fourth quarter worth about $27,000. Mark Sheptoff Financial Planning LLC raised its stake in shares of Alerian MLP ETF by 400.0% in the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 625 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 500 shares during the period. Hurley Capital LLC bought a new stake in shares of Alerian MLP ETF in the fourth quarter valued at about $32,000. 1620 Investment Advisors Inc. acquired a new stake in Alerian MLP ETF in the 4th quarter valued at approximately $38,000. Finally, City State Bank acquired a new stake in Alerian MLP ETF in the 4th quarter valued at $40,000.

Alerian MLP ETF Price Performance

Shares of AMLP opened at $47.02 on Monday. The company has a market cap of $9.75 billion, a PE ratio of 14.02 and a beta of 0.99. The firm has a 50-day moving average of $51.56 and a 200-day moving average of $49.55. Alerian MLP ETF has a one year low of $44.21 and a one year high of $53.24.

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.