Value Investment Professionals LLC Takes Position in Alerian MLP ETF $AMLP

Value Investment Professionals LLC acquired a new stake in Alerian MLP ETF (NYSEARCA:AMLP) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 28,631 shares of the exchange traded fund’s stock, valued at approximately $1,485,000. Alerian MLP ETF accounts for about 1.3% of Value Investment Professionals LLC’s investment portfolio, making the stock its 21st biggest position.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its stake in Alerian MLP ETF by 14,563.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,289,345 shares of the exchange traded fund’s stock worth $60,625,000 after purchasing an additional 1,280,552 shares during the period. Orion Porfolio Solutions LLC grew its stake in shares of Alerian MLP ETF by 326.3% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 1,039,696 shares of the exchange traded fund’s stock valued at $50,800,000 after buying an additional 795,787 shares during the period. EP Wealth Advisors LLC acquired a new stake in shares of Alerian MLP ETF during the 4th quarter worth approximately $24,371,000. Quadrature Capital Ltd increased its holdings in shares of Alerian MLP ETF by 709.1% during the 4th quarter. Quadrature Capital Ltd now owns 476,492 shares of the exchange traded fund’s stock worth $22,405,000 after buying an additional 417,602 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in shares of Alerian MLP ETF by 1,508.5% during the 4th quarter. Thrivent Financial for Lutherans now owns 406,459 shares of the exchange traded fund’s stock worth $19,116,000 after buying an additional 381,190 shares during the last quarter.

Alerian MLP ETF Stock Performance

AMLP stock opened at $55.00 on Wednesday. Alerian MLP ETF has a one year low of $44.64 and a one year high of $55.62. The firm has a market cap of $12.92 billion, a PE ratio of 14.17 and a beta of 0.50. The firm’s 50 day moving average price is $52.82 and its 200-day moving average price is $52.30.

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. 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).