Artesa Financial Group LLC Boosts Stock Position in Alerian MLP ETF $AMLP

Artesa Financial Group LLC lifted its position in Alerian MLP ETF (NYSEARCA:AMLP) by 16.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,887 shares of the exchange traded fund’s stock after acquiring an additional 11,893 shares during the quarter. Alerian MLP ETF accounts for approximately 4.2% of Artesa Financial Group LLC’s investment portfolio, making the stock its 9th largest holding. Artesa Financial Group LLC’s holdings in Alerian MLP ETF were worth $4,416,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Flagship Harbor Advisors LLC purchased a new stake in shares of Alerian MLP ETF during the 4th quarter worth $43,000. Whittier Trust Co. of Nevada Inc. grew its stake in Alerian MLP ETF by 800.0% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,125 shares of the exchange traded fund’s stock worth $53,000 after buying an additional 1,000 shares during the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in Alerian MLP ETF during the 4th quarter worth $57,000. Palladiem LLC acquired a new position in Alerian MLP ETF during the 4th quarter valued at about $60,000. Finally, BROOKFIELD Corp ON acquired a new position in shares of Alerian MLP ETF during the second quarter valued at about $65,000.

Alerian MLP ETF Stock Up 1.4%

Shares of Alerian MLP ETF stock opened at $51.10 on Friday. The firm has a market capitalization of $11.92 billion, a P/E ratio of 14.17 and a beta of 0.50. The company has a 50 day moving average price of $52.54 and a 200 day moving average price of $51.07. Alerian MLP ETF has a 52 week low of $44.64 and a 52 week high of $55.22.

Alerian MLP ETF Company 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).