Clarity Financial LLC Makes New Investment in Alerian MLP ETF (NYSEARCA:AMLP)

Clarity Financial LLC bought a new position in shares of Alerian MLP ETF (NYSEARCA:AMLP) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 4,737 shares of the exchange traded fund’s stock, valued at approximately $223,000.

Several other hedge funds have also recently bought and sold shares of AMLP. Diversify Advisory Services LLC acquired a new stake in Alerian MLP ETF during the 1st quarter worth approximately $253,000. WBI Investments LLC acquired a new stake in shares of Alerian MLP ETF in the first quarter valued at approximately $415,000. Riggs Asset Managment Co. Inc. raised its holdings in shares of Alerian MLP ETF by 1.5% in the first quarter. Riggs Asset Managment Co. Inc. now owns 195,128 shares of the exchange traded fund’s stock valued at $9,261,000 after purchasing an additional 2,880 shares during the last quarter. Advisory Services Network LLC raised its holdings in shares of Alerian MLP ETF by 13.0% in the first quarter. Advisory Services Network LLC now owns 124,687 shares of the exchange traded fund’s stock valued at $5,918,000 after purchasing an additional 14,334 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its holdings in shares of Alerian MLP ETF by 94.4% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 15,676 shares of the exchange traded fund’s stock valued at $744,000 after purchasing an additional 7,614 shares during the last quarter.

Alerian MLP ETF Stock Up 0.7 %

NYSEARCA AMLP opened at $46.79 on Tuesday. Alerian MLP ETF has a 12-month low of $41.06 and a 12-month high of $49.44. The company has a market capitalization of $8.42 billion, a PE ratio of 13.08 and a beta of 0.48. The firm’s 50 day moving average is $47.06 and its 200-day moving average is $47.02.

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.