Alerian MLP ETF $AMLP Holdings Raised by Spirepoint Private Client LLC

Spirepoint Private Client LLC lifted its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 5.6% in the second quarter, HoldingsChannel reports. The firm owned 448,645 shares of the exchange traded fund’s stock after purchasing an additional 23,785 shares during the period. Alerian MLP ETF accounts for 1.9% of Spirepoint Private Client LLC’s holdings, making the stock its 16th biggest position. Spirepoint Private Client LLC’s holdings in Alerian MLP ETF were worth $23,262,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of AMLP. Global Trust Asset Management LLC lifted its stake in Alerian MLP ETF by 600.0% during the first quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock valued at $37,000 after buying an additional 600 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Alerian MLP ETF by 800.0% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,125 shares of the exchange traded fund’s stock worth $53,000 after buying an additional 1,000 shares during the period. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in shares of Alerian MLP ETF in the fourth quarter worth approximately $57,000. Palladiem LLC purchased a new position in shares of Alerian MLP ETF in the fourth quarter worth approximately $60,000. Finally, BROOKFIELD Corp ON purchased a new position in shares of Alerian MLP ETF in the second quarter worth approximately $65,000.

Alerian MLP ETF Price Performance

AMLP stock opened at $54.96 on Friday. The firm has a market capitalization of $12.91 billion, a P/E ratio of 14.17 and a beta of 0.50. Alerian MLP ETF has a 52-week low of $44.64 and a 52-week high of $55.66. The company’s 50 day simple moving average is $53.18 and its 200-day simple moving average is $52.59.

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).