Allen Wealth Management LLC Has $4.99 Million Position in Alerian MLP ETF $AMLP

Allen Wealth Management LLC decreased its position in Alerian MLP ETF (NYSEARCA:AMLP) by 67.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 106,042 shares of the exchange traded fund’s stock after selling 223,479 shares during the quarter. Alerian MLP ETF accounts for 3.0% of Allen Wealth Management LLC’s portfolio, making the stock its 6th largest position. Allen Wealth Management LLC’s holdings in Alerian MLP ETF were worth $4,986,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. REAP Financial Group LLC lifted its position in 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 buying an additional 500 shares during the last quarter. GAMMA Investing LLC increased its stake in Alerian MLP ETF by 213.9% in the 3rd quarter. GAMMA Investing LLC now owns 653 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 445 shares during the period. Flagship Harbor Advisors LLC purchased a new position in Alerian MLP ETF in the 4th quarter worth approximately $43,000. MJT & Associates Financial Advisory Group Inc. increased its stake in Alerian MLP ETF by 136.3% in the 3rd quarter. MJT & Associates Financial Advisory Group Inc. now owns 945 shares of the exchange traded fund’s stock worth $44,000 after purchasing an additional 545 shares during the period. Finally, HM Payson & Co. purchased a new position in Alerian MLP ETF in the 3rd quarter worth approximately $47,000.

Alerian MLP ETF Price Performance

Shares of Alerian MLP ETF stock opened at $52.06 on Tuesday. The business’s 50 day simple moving average is $52.08 and its two-hundred day simple moving average is $49.00. The stock has a market capitalization of $12.07 billion, a P/E ratio of 14.17 and a beta of 0.56. Alerian MLP ETF has a one year low of $44.64 and a one year high of $54.20.

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).