Fernwood Investment Management LLC Purchases New Holdings in Alerian MLP ETF (NYSEARCA:AMLP)

Fernwood Investment Management LLC acquired a new stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 5,953 shares of the exchange traded fund’s stock, valued at approximately $253,000.

Other hedge funds also recently added to or reduced their stakes in the company. TIAA Trust National Association purchased a new position in shares of Alerian MLP ETF during the 3rd quarter worth approximately $42,485,000. International Assets Investment Management LLC grew its position in Alerian MLP ETF by 3,469.7% during the fourth quarter. International Assets Investment Management LLC now owns 1,015,120 shares of the exchange traded fund’s stock worth $431,630,000 after buying an additional 986,683 shares during the period. Wright Fund Management LLC purchased a new position in Alerian MLP ETF in the third quarter valued at about $37,355,000. Ameriprise Financial Inc. lifted its position in shares of Alerian MLP ETF by 58.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,030,729 shares of the exchange traded fund’s stock valued at $43,522,000 after acquiring an additional 380,025 shares during the period. Finally, Advisors Preferred LLC purchased a new stake in shares of Alerian MLP ETF during the 3rd quarter worth approximately $10,598,000.

Alerian MLP ETF Stock Down 0.7 %

Shares of AMLP traded down $0.34 on Tuesday, reaching $47.33. The stock had a trading volume of 279,694 shares, compared to its average volume of 1,242,666. The firm has a 50-day moving average of $46.77 and a 200 day moving average of $44.31. The firm has a market capitalization of $8.43 billion, a PE ratio of 12.87 and a beta of 0.51. Alerian MLP ETF has a twelve month low of $37.06 and a twelve month 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.