22,300 Shares in Alerian MLP ETF $AMLP Purchased by Everest Financial Group LLC

Everest Financial Group LLC purchased a new stake in Alerian MLP ETF (NYSEARCA:AMLP) during the 1st quarter, HoldingsChannel.com reports. The fund purchased 22,300 shares of the exchange traded fund’s stock, valued at approximately $1,174,000.

Other hedge funds have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. boosted its position in shares of Alerian MLP ETF by 14,563.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,289,345 shares of the exchange traded fund’s stock valued at $60,625,000 after buying an additional 1,280,552 shares during the last quarter. Orion Porfolio Solutions LLC raised its position in Alerian MLP ETF by 326.3% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 1,039,696 shares of the exchange traded fund’s stock valued at $50,800,000 after buying an additional 795,787 shares during the last quarter. EP Wealth Advisors LLC purchased a new stake in Alerian MLP ETF in the 4th quarter valued at $24,371,000. Quadrature Capital Ltd raised its position in Alerian MLP ETF by 709.1% in the 4th quarter. Quadrature Capital Ltd now owns 476,492 shares of the exchange traded fund’s stock valued at $22,405,000 after buying an additional 417,602 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its stake in Alerian MLP ETF by 1,508.5% during the 4th quarter. Thrivent Financial for Lutherans now owns 406,459 shares of the exchange traded fund’s stock valued at $19,116,000 after acquiring an additional 381,190 shares in the last quarter.

Alerian MLP ETF Price Performance

AMLP opened at $54.99 on Friday. The company has a market capitalization of $12.93 billion, a price-to-earnings ratio of 14.17 and a beta of 0.50. The firm’s fifty day moving average price is $52.74 and its two-hundred day moving average price is $51.93. Alerian MLP ETF has a 1 year low of $44.64 and a 1 year high of $55.62.

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).