Ferguson Shapiro LLC Acquires New Shares in Alerian MLP ETF $AMLP

Ferguson Shapiro LLC acquired a new position in shares of Alerian MLP ETF (NYSEARCA:AMLP) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 11,950 shares of the exchange traded fund’s stock, valued at approximately $629,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Evexia Wealth LLC grew its holdings in Alerian MLP ETF by 76.6% during the 4th 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 last quarter. Hollow Brook Wealth Management LLC bought a new position in shares of Alerian MLP ETF during the third quarter valued at $817,000. Sanctuary Advisors LLC raised its stake in shares of Alerian MLP ETF by 20.3% during the fourth 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 during the last quarter. Chickasaw Capital Management LLC acquired a new position in shares of Alerian MLP ETF during the fourth quarter worth $449,000. Finally, Spirepoint Private Client LLC lifted its holdings in shares of Alerian MLP ETF by 14.5% during the fourth 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.

Alerian MLP ETF Trading Up 0.3%

Shares of AMLP opened at $51.85 on Wednesday. The company has a market capitalization of $12.09 billion, a PE 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 stock’s 50-day moving average price is $52.56 and its two-hundred day moving average price is $51.16.

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).