30,329 Shares in Alerian MLP ETF (NYSEARCA:AMLP) Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC acquired a new stake in Alerian MLP ETF (NYSEARCA:AMLP) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 30,329 shares of the exchange traded fund’s stock, valued at approximately $1,478,000.

A number of other hedge funds also recently made changes to their positions in the business. Fortem Financial Group LLC lifted its holdings in Alerian MLP ETF by 0.9% during the 4th quarter. Fortem Financial Group LLC now owns 234,906 shares of the exchange traded fund’s stock valued at $11,313,000 after purchasing an additional 2,058 shares during the last quarter. SMART Wealth LLC raised its position in shares of Alerian MLP ETF by 12.3% in the third quarter. SMART Wealth LLC now owns 70,004 shares of the exchange traded fund’s stock valued at $3,299,000 after purchasing an additional 7,643 shares during the period. Legacy Wealth Management LLC MS acquired a new stake in shares of Alerian MLP ETF during the 3rd quarter worth about $222,000. Synovus Financial Corp boosted its holdings in shares of Alerian MLP ETF by 7.2% during the 3rd quarter. Synovus Financial Corp now owns 29,615 shares of the exchange traded fund’s stock worth $1,396,000 after buying an additional 1,986 shares during the period. Finally, World Investment Advisors LLC grew its stake in Alerian MLP ETF by 0.6% in the 3rd quarter. World Investment Advisors LLC now owns 55,266 shares of the exchange traded fund’s stock valued at $2,605,000 after buying an additional 340 shares during the last quarter.

Alerian MLP ETF Stock Up 1.7 %

Alerian MLP ETF stock opened at $49.46 on Thursday. Alerian MLP ETF has a twelve month low of $42.25 and a twelve month high of $51.47. The stock has a market cap of $8.90 billion, a P/E ratio of 13.08 and a beta of 0.48. The company’s 50-day moving average price is $48.60 and its two-hundred day moving average price is $47.76.

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.