Alerian MLP ETF (NYSEARCA:AMLP) Shares Bought by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. lifted its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 32.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,844 shares of the exchange traded fund’s stock after buying an additional 4,129 shares during the period. Westwood Holdings Group Inc.’s holdings in Alerian MLP ETF were worth $799,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Mutual Advisors LLC grew its stake in shares of Alerian MLP ETF by 154.0% in the fourth quarter. Mutual Advisors LLC now owns 14,392 shares of the exchange traded fund’s stock valued at $612,000 after buying an additional 8,726 shares in the last quarter. Raymond James & Associates grew its position in Alerian MLP ETF by 5.1% in the 4th quarter. Raymond James & Associates now owns 1,305,809 shares of the exchange traded fund’s stock valued at $55,523,000 after acquiring an additional 63,053 shares in the last quarter. Kingswood Wealth Advisors LLC purchased a new stake in Alerian MLP ETF during the fourth quarter worth about $314,000. Highland Capital Management LLC increased its holdings in Alerian MLP ETF by 6.6% during the 4th quarter. Highland Capital Management LLC now owns 17,497 shares of the exchange traded fund’s stock worth $744,000 after purchasing an additional 1,085 shares during the period. Finally, Ritholtz Wealth Management acquired a new stake in Alerian MLP ETF in the 4th quarter valued at about $219,000.

Alerian MLP ETF Stock Up 0.8 %

NYSEARCA AMLP traded up $0.38 on Friday, hitting $48.10. 1,366,597 shares of the stock were exchanged, compared to its average volume of 1,250,196. Alerian MLP ETF has a fifty-two week low of $40.03 and a fifty-two week high of $49.44. The company has a 50-day moving average price of $47.16 and a 200-day moving average price of $46.29. The company has a market cap of $8.65 billion, a PE ratio of 13.08 and a beta of 0.48.

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.