BTS Asset Management Inc. Acquires Shares of 6,578 Alerian MLP ETF (NYSEARCA:AMLP)

BTS Asset Management Inc. bought a new stake in Alerian MLP ETF (NYSEARCA:AMLP) during the 4th quarter, Holdings Channel reports. The firm bought 6,578 shares of the exchange traded fund’s stock, valued at approximately $317,000. Alerian MLP ETF accounts for about 0.3% of BTS Asset Management Inc.’s portfolio, making the stock its 23rd largest holding.

Several other hedge funds have also recently modified their holdings of AMLP. Farther Finance Advisors LLC increased its position in Alerian MLP ETF by 532.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 19,668 shares of the exchange traded fund’s stock worth $927,000 after purchasing an additional 16,560 shares during the period. Advisors Asset Management Inc. acquired a new stake in Alerian MLP ETF in the third quarter valued at $65,000. Regency Capital Management Inc. DE boosted its position in shares of Alerian MLP ETF by 173.7% during the 3rd quarter. Regency Capital Management Inc. DE now owns 98,179 shares of the exchange traded fund’s stock worth $4,627,000 after purchasing an additional 62,304 shares in the last quarter. Benjamin Edwards Inc. grew its stake in shares of Alerian MLP ETF by 47.0% during the 2nd quarter. Benjamin Edwards Inc. now owns 20,362 shares of the exchange traded fund’s stock worth $977,000 after purchasing an additional 6,514 shares during the period. Finally, Silver Lake Advisory LLC purchased a new position in shares of Alerian MLP ETF in the 2nd quarter valued at about $236,000.

Alerian MLP ETF Trading Up 0.4 %

Shares of AMLP opened at $51.71 on Friday. Alerian MLP ETF has a twelve month low of $42.25 and a twelve month high of $51.75. The firm has a market capitalization of $9.30 billion, a P/E ratio of 13.08 and a beta of 0.48. The firm’s 50-day moving average is $49.01 and its two-hundred day moving average is $47.88.

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.