Westwood Holdings Group Inc. Increases Stake in Alerian MLP ETF (NYSEARCA:AMLP)

Westwood Holdings Group Inc. increased its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 32.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm 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 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in AMLP. Russell Investments Group Ltd. acquired a new position in Alerian MLP ETF during the 1st quarter worth approximately $27,000. First United Bank & Trust acquired a new position in Alerian MLP ETF during the 4th quarter worth approximately $35,000. ICA Group Wealth Management LLC acquired a new position in Alerian MLP ETF during the 4th quarter worth approximately $38,000. Friedenthal Financial acquired a new position in Alerian MLP ETF during the 4th quarter worth approximately $54,000. Finally, Eagle Bay Advisors LLC acquired a new position in Alerian MLP ETF during the 4th quarter worth approximately $56,000.

Alerian MLP ETF Price Performance

Shares of Alerian MLP ETF stock traded down $0.86 during trading hours on Friday, hitting $47.07. The company had a trading volume of 3,293,657 shares, compared to its average volume of 1,261,908. The company’s 50-day moving average is $47.33 and its two-hundred day moving average is $46.48. Alerian MLP ETF has a twelve month low of $40.03 and a twelve month high of $49.44. The company has a market cap of $8.47 billion, a P/E 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.