City State Bank Takes $40,000 Position in Alerian MLP ETF (NYSEARCA:AMLP)

City State Bank purchased a new stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 837 shares of the exchange traded fund’s stock, valued at approximately $40,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of AMLP. Ashton Thomas Securities LLC bought a new stake in Alerian MLP ETF during the third quarter valued at about $28,000. Massmutual Trust Co. FSB ADV bought a new stake in Alerian MLP ETF during the third quarter valued at about $40,000. ORG Wealth Partners LLC bought a new stake in Alerian MLP ETF during the third quarter valued at about $41,000. Advisors Asset Management Inc. bought a new stake in Alerian MLP ETF during the third quarter valued at about $65,000. Finally, Rosenberg Matthew Hamilton raised its holdings in Alerian MLP ETF by 803.5% during the third quarter. Rosenberg Matthew Hamilton now owns 1,545 shares of the exchange traded fund’s stock valued at $73,000 after acquiring an additional 1,374 shares during the period.

Alerian MLP ETF Stock Up 0.8 %

Shares of Alerian MLP ETF stock opened at $49.59 on Tuesday. The firm has a market cap of $8.92 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. The business has a 50-day moving average price of $48.77 and a 200-day moving average price of $47.80. Alerian MLP ETF has a twelve month low of $42.25 and a twelve month high of $51.47.

Alerian MLP ETF 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.