Novem Group Boosts Holdings in Alerian MLP ETF $AMLP

Novem Group grew its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 3.7% in the second quarter, Holdings Channel reports. The firm owned 29,521 shares of the exchange traded fund’s stock after acquiring an additional 1,040 shares during the period. Novem Group’s holdings in Alerian MLP ETF were worth $1,442,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Nova Wealth Management Inc. purchased a new stake in shares of Alerian MLP ETF during the second quarter valued at $28,000. Headlands Technologies LLC purchased a new stake in shares of Alerian MLP ETF during the first quarter valued at $31,000. Golden State Wealth Management LLC purchased a new stake in shares of Alerian MLP ETF during the first quarter valued at $34,000. Copia Wealth Management purchased a new stake in shares of Alerian MLP ETF during the first quarter valued at $38,000. Finally, Garde Capital Inc. purchased a new stake in shares of Alerian MLP ETF during the second quarter valued at $49,000.

Alerian MLP ETF Trading Down 0.0%

Shares of AMLP opened at $47.40 on Friday. The firm has a market capitalization of $10.19 billion, a P/E ratio of 14.17 and a beta of 1.42. Alerian MLP ETF has a 12-month low of $43.75 and a 12-month high of $53.24. The firm has a fifty day moving average price of $48.34 and a 200-day moving average price of $48.77.

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.