71 West Capital Partners Makes New $1.64 Million Investment in Alerian MLP ETF $AMLP

71 West Capital Partners acquired a new position in shares of Alerian MLP ETF (NYSEARCA:AMLP) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 34,908 shares of the exchange traded fund’s stock, valued at approximately $1,641,000.

A number of other large investors have also recently bought and sold shares of the company. Bank of America Corp DE grew its stake in Alerian MLP ETF by 0.7% during the second quarter. Bank of America Corp DE now owns 8,453,389 shares of the exchange traded fund’s stock worth $413,033,000 after buying an additional 54,835 shares in the last quarter. Allen Investment Management LLC grew its stake in Alerian MLP ETF by 7.1% during the fourth quarter. Allen Investment Management LLC now owns 3,751,091 shares of the exchange traded fund’s stock worth $176,376,000 after buying an additional 249,766 shares in the last quarter. Raymond James Financial Inc. grew its stake in Alerian MLP ETF by 5.9% during the second quarter. Raymond James Financial Inc. now owns 2,715,784 shares of the exchange traded fund’s stock worth $132,693,000 after buying an additional 152,451 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Alerian MLP ETF by 19.2% during the second quarter. Ameriprise Financial Inc. now owns 1,634,868 shares of the exchange traded fund’s stock worth $79,886,000 after buying an additional 262,817 shares in the last quarter. Finally, US Bancorp DE grew its stake in Alerian MLP ETF by 17.7% during the fourth quarter. US Bancorp DE now owns 1,409,498 shares of the exchange traded fund’s stock worth $66,275,000 after buying an additional 211,540 shares in the last quarter.

Alerian MLP ETF Stock Down 1.7%

Shares of Alerian MLP ETF stock opened at $51.24 on Tuesday. The company has a market capitalization of $11.95 billion, a price-to-earnings ratio of 14.17 and a beta of 0.50. Alerian MLP ETF has a 12-month low of $44.64 and a 12-month high of $55.22. The firm’s 50-day moving average price is $52.77 and its two-hundred day moving average price is $50.89.

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).