Hohimer Wealth Management LLC Makes New $220,000 Investment in Alerian MLP ETF (NYSEARCA:AMLP)

Hohimer Wealth Management LLC bought a new stake in Alerian MLP ETF (NYSEARCA:AMLP) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,646 shares of the exchange traded fund’s stock, valued at approximately $220,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Rational Advisors LLC acquired a new stake in shares of Alerian MLP ETF during the 1st quarter worth $65,064,000. 1832 Asset Management L.P. acquired a new position in shares of Alerian MLP ETF in the 4th quarter valued at approximately $51,416,000. International Assets Investment Management LLC lifted its holdings in shares of Alerian MLP ETF by 3,469.7% during the 4th quarter. International Assets Investment Management LLC now owns 1,015,120 shares of the exchange traded fund’s stock worth $431,630,000 after acquiring an additional 986,683 shares during the period. Wells Fargo & Company MN boosted its position in shares of Alerian MLP ETF by 14.3% during the 4th quarter. Wells Fargo & Company MN now owns 4,946,698 shares of the exchange traded fund’s stock worth $210,334,000 after acquiring an additional 619,287 shares in the last quarter. Finally, Allen Wealth Management LLC bought a new position in Alerian MLP ETF in the fourth quarter valued at approximately $12,865,000.

Alerian MLP ETF Trading Up 0.3 %

Alerian MLP ETF stock traded up $0.17 during mid-day trading on Tuesday, reaching $48.88. The company had a trading volume of 1,645,377 shares, compared to its average volume of 1,235,031. The business has a fifty day simple moving average of $46.84 and a 200 day simple moving average of $45.97. The company has a market cap of $8.79 billion, a P/E ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a fifty-two week low of $40.02 and a fifty-two week high of $48.98.

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.