Greenspring Advisors LLC Invests $1.62 Million in Alerian MLP ETF $AMLP

Greenspring Advisors LLC acquired a new position in Alerian MLP ETF (NYSEARCA:AMLP) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 34,489 shares of the exchange traded fund’s stock, valued at approximately $1,622,000.

Other hedge funds also recently made changes to their positions in the company. REAP Financial Group LLC grew its stake in shares of Alerian MLP ETF by 2,000.0% in the 3rd quarter. REAP Financial Group LLC now owns 525 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 500 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new position in shares of Alerian MLP ETF in the 4th quarter worth approximately $43,000. Whittier Trust Co. of Nevada Inc. increased its position in shares of Alerian MLP ETF by 800.0% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,125 shares of the exchange traded fund’s stock worth $53,000 after acquiring an additional 1,000 shares in the last quarter. BROOKFIELD Corp ON purchased a new position in shares of Alerian MLP ETF in the second quarter worth approximately $65,000. Finally, First Horizon Corp increased its position in shares of Alerian MLP ETF by 396.7% in the fourth quarter. First Horizon Corp now owns 1,490 shares of the exchange traded fund’s stock worth $70,000 after acquiring an additional 1,190 shares in the last quarter.

Alerian MLP ETF Price Performance

Alerian MLP ETF stock opened at $52.59 on Thursday. The firm’s 50 day simple moving average is $52.87 and its 200-day simple moving average is $50.58. The company has a market cap of $12.27 billion, a P/E ratio of 14.17 and a beta of 0.52. Alerian MLP ETF has a fifty-two week low of $44.64 and a fifty-two week high of $55.22.

About Alerian MLP ETF

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. The Index is comprised of 25 energy infrastructure MLPs. The fund will invest at least 90% of its total assets in securities, which comprise the Index (or depositary receipts based on such securities).