Balefire LLC Purchases 33,993 Shares of Alerian MLP ETF $AMLP

Balefire LLC increased its position in Alerian MLP ETF (NYSEARCA:AMLP) by 63.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 87,377 shares of the exchange traded fund’s stock after buying an additional 33,993 shares during the period. Alerian MLP ETF accounts for about 0.8% of Balefire LLC’s investment portfolio, making the stock its 25th biggest position. Balefire LLC’s holdings in Alerian MLP ETF were worth $4,101,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Nova Wealth Management Inc. purchased a new stake in shares of Alerian MLP ETF during the 2nd quarter worth approximately $28,000. Mid American Wealth Advisory Group Inc. purchased a new position in shares of Alerian MLP ETF in the second quarter valued at $29,000. Manchester Capital Management LLC bought a new stake in Alerian MLP ETF in the second quarter worth $29,000. GAMMA Investing LLC raised its stake in Alerian MLP ETF by 213.9% during the third quarter. GAMMA Investing LLC now owns 653 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 445 shares in the last quarter. Finally, Crews Bank & Trust purchased a new stake in Alerian MLP ETF during the second quarter valued at $39,000.

Alerian MLP ETF Stock Up 0.6%

AMLP stock opened at $47.07 on Thursday. Alerian MLP ETF has a 52 week low of $43.75 and a 52 week high of $53.24. The firm has a market capitalization of $10.33 billion, a P/E ratio of 14.17 and a beta of 0.70. The company has a fifty day simple moving average of $46.83 and a two-hundred day simple moving average of $47.79.

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.