Fortress Financial Solutions LLC Takes Position in Alerian MLP ETF $AMLP

Fortress Financial Solutions LLC bought a new position in Alerian MLP ETF (NYSEARCA:AMLP) during the 1st quarter, Holdings Channel.com reports. The firm bought 18,606 shares of the exchange traded fund’s stock, valued at approximately $979,000. Alerian MLP ETF accounts for about 1.0% of Fortress Financial Solutions LLC’s portfolio, making the stock its 24th largest holding.

Several other hedge funds also recently made changes to their positions in the company. Evexia Wealth LLC raised its stake in shares of Alerian MLP ETF by 76.6% during the fourth quarter. Evexia Wealth LLC now owns 34,676 shares of the exchange traded fund’s stock valued at $1,703,000 after acquiring an additional 15,039 shares during the last quarter. Hollow Brook Wealth Management LLC bought a new stake in shares of Alerian MLP ETF in the third quarter worth about $817,000. Sanctuary Advisors LLC grew its stake in shares of Alerian MLP ETF by 20.3% in the fourth quarter. Sanctuary Advisors LLC now owns 184,231 shares of the exchange traded fund’s stock worth $8,663,000 after purchasing an additional 31,089 shares during the last quarter. Chickasaw Capital Management LLC purchased a new position in Alerian MLP ETF during the 4th quarter valued at about $449,000. Finally, Spirepoint Private Client LLC increased its holdings in Alerian MLP ETF by 14.5% during the 4th quarter. Spirepoint Private Client LLC now owns 373,406 shares of the exchange traded fund’s stock valued at $17,558,000 after purchasing an additional 47,217 shares during the period.

Alerian MLP ETF Price Performance

AMLP opened at $53.69 on Tuesday. The business has a 50 day simple moving average of $52.61 and a two-hundred day simple moving average of $51.51. The firm has a market capitalization of $12.64 billion, a price-to-earnings ratio of 14.17 and a beta of 0.50. Alerian MLP ETF has a one year low of $44.64 and a one year high of $55.22.

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. 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).