Apollon Wealth Management LLC lifted its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP – Free Report) by 4.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 80,999 shares of the exchange traded fund’s stock after acquiring an additional 3,101 shares during the quarter. Apollon Wealth Management LLC’s holdings in Alerian MLP ETF were worth $3,901,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of AMLP. Strategic Financial Concepts LLC purchased a new stake in shares of Alerian MLP ETF in the fourth quarter valued at $27,000. Ashton Thomas Securities LLC purchased a new stake in shares of Alerian MLP ETF during the third quarter worth $28,000. City State Bank purchased a new stake in shares of Alerian MLP ETF during the fourth quarter worth $40,000. ORG Wealth Partners LLC purchased a new stake in shares of Alerian MLP ETF during the third quarter worth $41,000. Finally, Advisors Asset Management Inc. purchased a new stake in shares of Alerian MLP ETF during the third quarter worth $65,000.
Alerian MLP ETF Trading Down 0.3 %
Shares of NYSEARCA:AMLP opened at $52.18 on Friday. Alerian MLP ETF has a 1 year low of $43.02 and a 1 year high of $53.24. The business has a fifty day simple moving average of $49.98 and a 200 day simple moving average of $48.25. The firm has a market cap of $9.39 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48.
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.
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