71 West Capital Partners Invests $1.64 Million in Alerian MLP ETF $AMLP

71 West Capital Partners bought a new position in Alerian MLP ETF (NYSEARCA:AMLP) in the fourth quarter, Holdings Channel.com reports. The firm bought 34,908 shares of the exchange traded fund’s stock, valued at approximately $1,641,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Empirical Asset Management LLC bought a new position in shares of Alerian MLP ETF in the third quarter worth about $735,000. Algorithmic Investment Models LLC lifted its holdings in shares of Alerian MLP ETF by 21.4% in the third quarter. Algorithmic Investment Models LLC now owns 107,951 shares of the exchange traded fund’s stock worth $5,066,000 after acquiring an additional 19,039 shares during the last quarter. Evexia Wealth LLC lifted its holdings in shares of Alerian MLP ETF by 76.6% in the fourth quarter. Evexia Wealth LLC now owns 34,676 shares of the exchange traded fund’s stock worth $1,703,000 after acquiring an additional 15,039 shares during the last quarter. Citigroup Inc. lifted its holdings in shares of Alerian MLP ETF by 19.1% in the third quarter. Citigroup Inc. now owns 163,874 shares of the exchange traded fund’s stock worth $7,691,000 after acquiring an additional 26,242 shares during the last quarter. Finally, Hollow Brook Wealth Management LLC bought a new position in shares of Alerian MLP ETF in the third quarter worth about $817,000.

Alerian MLP ETF Trading Down 1.7%

AMLP stock opened at $51.24 on Tuesday. The stock has a market capitalization of $11.95 billion, a P/E ratio of 14.17 and a beta of 0.50. Alerian MLP ETF has a 12 month low of $44.64 and a 12 month high of $55.22. The firm has a 50-day moving average price of $52.77 and a 200-day moving average price of $50.89.

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).