Alerian MLP ETF (NYSEARCA:AMLP) Shares Purchased by Main Street Financial Solutions LLC

Main Street Financial Solutions LLC lifted its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 14.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 50,110 shares of the exchange traded fund’s stock after buying an additional 6,313 shares during the quarter. Main Street Financial Solutions LLC’s holdings in Alerian MLP ETF were worth $2,413,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in AMLP. Mark Sheptoff Financial Planning LLC grew its holdings in shares of Alerian MLP ETF by 400.0% during the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 625 shares of the exchange traded fund’s stock worth $30,000 after buying an additional 500 shares in the last quarter. Hurley Capital LLC bought a new position in shares of Alerian MLP ETF during the fourth quarter valued at approximately $32,000. 1620 Investment Advisors Inc. acquired a new stake in shares of Alerian MLP ETF in the fourth quarter valued at approximately $38,000. City State Bank bought a new stake in shares of Alerian MLP ETF during the 4th quarter worth about $40,000. Finally, Flagship Wealth Advisors LLC acquired a new stake in Alerian MLP ETF in the 4th quarter valued at about $63,000.

Alerian MLP ETF Stock Performance

NYSEARCA AMLP opened at $48.37 on Wednesday. The firm’s 50 day moving average price is $50.56 and its two-hundred day moving average price is $49.48. The stock has a market cap of $10.03 billion, a price-to-earnings ratio of 14.02 and a beta of 0.99. Alerian MLP ETF has a twelve month low of $43.75 and a twelve month high of $53.24.

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.