Investment House LLC Takes Position in Alerian MLP ETF $AMLP

Investment House LLC bought a new position in shares of Alerian MLP ETF (NYSEARCA:AMLP) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 15,653 shares of the exchange traded fund’s stock, valued at approximately $735,000.

A number of other institutional investors have also recently added to or reduced their stakes in AMLP. Mid American Wealth Advisory Group Inc. acquired a new position in Alerian MLP ETF during the second quarter worth $29,000. Manchester Capital Management LLC acquired a new stake in shares of Alerian MLP ETF in the second quarter valued at about $29,000. GAMMA Investing LLC increased its stake in shares of Alerian MLP ETF by 213.9% during the third quarter. GAMMA Investing LLC now owns 653 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 445 shares in the last quarter. Crews Bank & Trust acquired a new position in shares of Alerian MLP ETF during the 2nd quarter worth about $39,000. Finally, MJT & Associates Financial Advisory Group Inc. raised its position in shares of Alerian MLP ETF by 136.3% during 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 last quarter.

Alerian MLP ETF Trading Up 0.1%

AMLP stock opened at $49.25 on Monday. Alerian MLP ETF has a 12-month low of $43.75 and a 12-month high of $53.24. The business’s 50-day moving average is $47.60 and its 200 day moving average is $47.63. The stock has a market cap of $11.04 billion, a price-to-earnings ratio of 14.17 and a beta of 0.70.

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).