Artesa Financial Group LLC Invests $3.39 Million in Alerian MLP ETF $AMLP

Artesa Financial Group LLC acquired a new position in shares of Alerian MLP ETF (NYSEARCA:AMLP) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 71,994 shares of the exchange traded fund’s stock, valued at approximately $3,385,000. Alerian MLP ETF comprises about 3.5% of Artesa Financial Group LLC’s investment portfolio, making the stock its 11th biggest position.

Several other hedge funds have also made changes to their positions in AMLP. Brighton Jones LLC boosted its holdings in shares of Alerian MLP ETF by 19.4% during the fourth quarter. Brighton Jones LLC now owns 44,781 shares of the exchange traded fund’s stock worth $2,157,000 after purchasing an additional 7,280 shares during the last quarter. Qube Research & Technologies Ltd boosted its holdings in shares of Alerian MLP ETF by 16.4% during the second quarter. Qube Research & Technologies Ltd now owns 141,189 shares of the exchange traded fund’s stock worth $6,898,000 after purchasing an additional 19,916 shares during the last quarter. Sei Investments Co. acquired a new stake in shares of Alerian MLP ETF during the second quarter worth $623,000. Diversify Advisory Services LLC acquired a new stake in shares of Alerian MLP ETF during the second quarter worth $224,000. Finally, Quantinno Capital Management LP boosted its holdings in shares of Alerian MLP ETF by 63.3% during the second quarter. Quantinno Capital Management LP now owns 50,768 shares of the exchange traded fund’s stock worth $2,481,000 after purchasing an additional 19,678 shares during the last quarter.

Alerian MLP ETF Stock Down 0.9%

AMLP stock opened at $52.13 on Wednesday. Alerian MLP ETF has a 52-week low of $44.64 and a 52-week high of $55.22. The stock’s fifty day simple moving average is $52.80 and its 200-day simple moving average is $50.75. The stock has a market capitalization of $12.16 billion, a price-to-earnings ratio of 14.17 and a beta of 0.50.

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).