AXS Investments LLC Acquires 11,869 Shares of Alerian MLP ETF $AMLP

AXS Investments LLC raised its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 35.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 45,187 shares of the exchange traded fund’s stock after acquiring an additional 11,869 shares during the period. Alerian MLP ETF comprises about 1.0% of AXS Investments LLC’s investment portfolio, making the stock its 28th largest holding. AXS Investments LLC’s holdings in Alerian MLP ETF were worth $2,379,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Evexia Wealth LLC raised its holdings in shares of Alerian MLP ETF by 76.6% during the fourth quarter. Evexia Wealth LLC now owns 34,676 shares of the exchange traded fund’s stock worth $1,703,000 after acquiring an additional 15,039 shares during the period. Sanctuary Advisors LLC lifted its position in Alerian MLP ETF by 20.3% in the 4th quarter. Sanctuary Advisors LLC now owns 184,231 shares of the exchange traded fund’s stock valued at $8,663,000 after acquiring an additional 31,089 shares in the last quarter. Chickasaw Capital Management LLC acquired a new position in Alerian MLP ETF in the 4th quarter worth $449,000. Spirepoint Private Client LLC boosted its stake in Alerian MLP ETF by 14.5% in the 4th quarter. Spirepoint Private Client LLC now owns 373,406 shares of the exchange traded fund’s stock worth $17,558,000 after purchasing an additional 47,217 shares during the period. Finally, Dakota Wealth Management bought a new position in Alerian MLP ETF during the 4th quarter worth about $1,359,000.

Alerian MLP ETF Trading Up 1.4%

AMLP stock opened at $53.95 on Friday. The stock has a 50-day moving average price of $52.63 and a two-hundred day moving average price of $51.65. Alerian MLP ETF has a 1 year low of $44.64 and a 1 year high of $55.22. The stock has a market cap of $12.72 billion, a PE 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).