Astoria Portfolio Advisors LLC. Invests $1.98 Million in Alerian MLP ETF $AMLP

Astoria Portfolio Advisors LLC. bought a new position in shares of Alerian MLP ETF (NYSEARCA:AMLP) during the fourth quarter, Holdings Channel.com reports. The fund bought 38,252 shares of the exchange traded fund’s stock, valued at approximately $1,978,000.

A number of other institutional investors also recently added to or reduced their stakes in the company. Empirical Asset Management LLC purchased a new stake in Alerian MLP ETF during the 3rd quarter worth $735,000. Algorithmic Investment Models LLC lifted its holdings in Alerian MLP ETF by 21.4% in the 3rd quarter. Algorithmic Investment Models LLC now owns 107,951 shares of the exchange traded fund’s stock worth $5,066,000 after buying an additional 19,039 shares in the last quarter. Evexia Wealth LLC boosted its position in Alerian MLP ETF by 76.6% in the 4th quarter. Evexia Wealth LLC now owns 34,676 shares of the exchange traded fund’s stock valued at $1,703,000 after buying an additional 15,039 shares during the last quarter. Citigroup Inc. boosted its position in Alerian MLP ETF by 19.1% in the 3rd quarter. Citigroup Inc. now owns 163,874 shares of the exchange traded fund’s stock valued at $7,691,000 after buying an additional 26,242 shares during the last quarter. Finally, Hollow Brook Wealth Management LLC acquired a new stake in shares of Alerian MLP ETF during the third quarter valued at about $817,000.

Alerian MLP ETF Stock Performance

Shares of NYSEARCA AMLP opened at $50.67 on Friday. Alerian MLP ETF has a 1 year low of $44.64 and a 1 year high of $55.22. The firm has a market cap of $11.82 billion, a price-to-earnings ratio of 14.17 and a beta of 0.50. The stock’s 50-day simple moving average is $52.66 and its 200-day simple moving average is $50.96.

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).