United Asset Strategies Inc. Acquires New Stake in Alerian MLP ETF (NYSEARCA:AMLP)

United Asset Strategies Inc. acquired a new stake in Alerian MLP ETF (NYSEARCA:AMLP) during the 4th quarter, HoldingsChannel reports. The firm acquired 18,850 shares of the exchange traded fund’s stock, valued at approximately $802,000.

Several other institutional investors have also bought and sold shares of AMLP. Sanctuary Wealth Management L.L.C. purchased a new position in Alerian MLP ETF in the fourth quarter valued at approximately $29,000. Provence Wealth Management Group purchased a new stake in shares of Alerian MLP ETF during the third quarter worth $31,000. Tower Research Capital LLC TRC lifted its position in shares of Alerian MLP ETF by 8,000.0% during the second quarter. Tower Research Capital LLC TRC now owns 810 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 800 shares in the last quarter. ICA Group Wealth Management LLC purchased a new stake in shares of Alerian MLP ETF during the fourth quarter worth $34,000. Finally, Ancora Advisors LLC lifted its position in shares of Alerian MLP ETF by 114.3% during the first quarter. Ancora Advisors LLC now owns 1,200 shares of the exchange traded fund’s stock worth $37,000 after acquiring an additional 640 shares in the last quarter.

Alerian MLP ETF Price Performance

NYSEARCA:AMLP opened at $45.56 on Wednesday. The company has a market cap of $8.11 billion, a P/E ratio of 12.87 and a beta of 0.51. The stock’s fifty day moving average price is $46.21 and its two-hundred day moving average price is $43.95. Alerian MLP ETF has a 1 year low of $37.06 and a 1 year high of $48.48.

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.