AXS Investments LLC Takes $1.57 Million Position in Alerian MLP ETF $AMLP

AXS Investments LLC purchased a new stake in Alerian MLP ETF (NYSEARCA:AMLP) in the fourth quarter, HoldingsChannel reports. The firm purchased 33,318 shares of the exchange traded fund’s stock, valued at approximately $1,567,000.

Other hedge funds have also made changes to their positions in the company. REAP Financial Group LLC increased its position in shares of Alerian MLP ETF by 2,000.0% in the third quarter. REAP Financial Group LLC now owns 525 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 500 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new position in shares of Alerian MLP ETF in the fourth quarter valued at $43,000. Whittier Trust Co. of Nevada Inc. increased its position in shares of Alerian MLP ETF by 800.0% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,125 shares of the exchange traded fund’s stock valued at $53,000 after buying an additional 1,000 shares in the last quarter. BROOKFIELD Corp ON purchased a new position in shares of Alerian MLP ETF in the second quarter valued at $65,000. Finally, First Horizon Corp increased its position in shares of Alerian MLP ETF by 396.7% in the fourth quarter. First Horizon Corp now owns 1,490 shares of the exchange traded fund’s stock valued at $70,000 after buying an additional 1,190 shares in the last quarter.

Alerian MLP ETF Stock Down 1.6%

AMLP opened at $51.60 on Friday. The firm has a market cap of $12.03 billion, a P/E ratio of 14.17 and a beta of 0.52. Alerian MLP ETF has a 52 week low of $44.64 and a 52 week high of $55.22. The business’s fifty day simple moving average is $52.90 and its 200 day simple moving average is $50.44.

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).