Plan Group Financial LLC Has $4.73 Million Stock Position in Alerian MLP ETF $AMLP

Plan Group Financial LLC increased its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 35.5% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 91,225 shares of the exchange traded fund’s stock after buying an additional 23,900 shares during the quarter. Alerian MLP ETF makes up 1.0% of Plan Group Financial LLC’s investment portfolio, making the stock its 23rd largest holding. Plan Group Financial LLC’s holdings in Alerian MLP ETF were worth $4,730,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Global Trust Asset Management LLC grew its stake in Alerian MLP ETF by 600.0% in the 1st quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock valued at $37,000 after buying an additional 600 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its position 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 acquiring an additional 1,000 shares during the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in Alerian MLP ETF during the 4th quarter worth $57,000. Palladiem LLC bought a new stake in Alerian MLP ETF during the fourth quarter valued at about $60,000. Finally, BROOKFIELD Corp ON bought a new stake in Alerian MLP ETF during the second quarter valued at about $65,000.

Alerian MLP ETF Stock Performance

Alerian MLP ETF stock opened at $54.96 on Friday. The business’s 50-day simple moving average is $53.18 and its 200-day simple moving average is $52.59. The firm has a market capitalization of $12.91 billion, a PE ratio of 14.17 and a beta of 0.50. Alerian MLP ETF has a 52 week low of $44.64 and a 52 week high of $55.66.

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).