Whalen Wealth Management Inc. Buys Shares of 14,268 Alerian MLP ETF $AMLP

Whalen Wealth Management Inc. bought a new stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) during the second quarter, Holdings Channel.com reports. The fund bought 14,268 shares of the exchange traded fund’s stock, valued at approximately $697,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Redwood Park Advisors LLC raised its holdings in Alerian MLP ETF by 17.6% during the 2nd quarter. Redwood Park Advisors LLC now owns 1,817 shares of the exchange traded fund’s stock valued at $89,000 after acquiring an additional 272 shares during the period. Y Intercept Hong Kong Ltd raised its holdings in Alerian MLP ETF by 44.6% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 10,353 shares of the exchange traded fund’s stock valued at $506,000 after acquiring an additional 3,195 shares during the period. Transcend Capital Advisors LLC raised its holdings in Alerian MLP ETF by 148.6% during the 2nd quarter. Transcend Capital Advisors LLC now owns 113,793 shares of the exchange traded fund’s stock valued at $5,560,000 after acquiring an additional 68,017 shares during the period. Brookwood Investment Group LLC raised its holdings in Alerian MLP ETF by 3.9% during the 2nd quarter. Brookwood Investment Group LLC now owns 12,200 shares of the exchange traded fund’s stock valued at $596,000 after acquiring an additional 455 shares during the period. Finally, GoalVest Advisory LLC raised its holdings in Alerian MLP ETF by 1.7% during the 2nd quarter. GoalVest Advisory LLC now owns 30,132 shares of the exchange traded fund’s stock valued at $1,472,000 after acquiring an additional 509 shares during the period.

Alerian MLP ETF Price Performance

Shares of AMLP stock opened at $46.95 on Wednesday. The company’s fifty day simple moving average is $47.13 and its two-hundred day simple moving average is $48.13. Alerian MLP ETF has a 1 year low of $43.75 and a 1 year high of $53.24. The stock has a market capitalization of $10.33 billion, a price-to-earnings ratio of 14.17 and a beta of 0.70.

Alerian MLP ETF Company 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.