AMG National Trust Bank Invests $811,000 in Alerian MLP ETF $AMLP

AMG National Trust Bank bought a new position in Alerian MLP ETF (NYSEARCA:AMLP) in the 1st quarter, HoldingsChannel.com reports. The fund bought 15,399 shares of the exchange traded fund’s stock, valued at approximately $811,000.

Other institutional investors have also added to or reduced their stakes in the company. Mayfair Advisory Group LLC boosted its stake in shares of Alerian MLP ETF by 3.4% during the first quarter. Mayfair Advisory Group LLC now owns 6,079 shares of the exchange traded fund’s stock valued at $320,000 after purchasing an additional 200 shares during the period. J2 Capital Management Inc boosted its stake in shares of Alerian MLP ETF by 4.2% during the 4th quarter. J2 Capital Management Inc now owns 5,348 shares of the exchange traded fund’s stock valued at $251,000 after purchasing an additional 218 shares in the last quarter. CWA Asset Management Group LLC grew its holdings in shares of Alerian MLP ETF by 1.1% during the 4th quarter. CWA Asset Management Group LLC now owns 19,438 shares of the exchange traded fund’s stock worth $914,000 after acquiring an additional 220 shares during the period. Bogart Wealth LLC grew its stake in Alerian MLP ETF by 4.4% in the fourth quarter. Bogart Wealth LLC now owns 5,721 shares of the exchange traded fund’s stock worth $269,000 after purchasing an additional 242 shares during the period. Finally, Auour Investments LLC grew its position in shares of Alerian MLP ETF by 1.4% in the 4th quarter. Auour Investments LLC now owns 18,975 shares of the exchange traded fund’s stock worth $892,000 after buying an additional 254 shares during the period.

Alerian MLP ETF Stock Performance

Shares of NYSEARCA AMLP opened at $53.20 on Thursday. Alerian MLP ETF has a fifty-two week low of $44.64 and a fifty-two week high of $55.22. The company has a market capitalization of $12.54 billion, a price-to-earnings ratio of 14.17 and a beta of 0.50. The company has a 50 day simple moving average of $52.61 and a two-hundred day simple moving average of $51.60.

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. 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).