Main Street Financial Solutions LLC Buys New Shares in Alerian MLP ETF $AMLP

Main Street Financial Solutions LLC acquired a new stake in Alerian MLP ETF (NYSEARCA:AMLP) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 31,830 shares of the exchange traded fund’s stock, valued at approximately $1,650,000.

A number of other institutional investors have also recently bought and sold shares of AMLP. Global Trust Asset Management LLC boosted its stake in shares of Alerian MLP ETF by 600.0% during the 1st quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock worth $37,000 after acquiring an additional 600 shares during the period. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in shares of Alerian MLP ETF during the 4th quarter worth approximately $57,000. Palladiem LLC bought a new stake in Alerian MLP ETF in the 4th quarter valued at $60,000. BROOKFIELD Corp ON bought a new stake in Alerian MLP ETF in the 2nd quarter valued at $65,000. Finally, First Horizon Corp lifted its holdings in Alerian MLP ETF by 396.7% during the 4th quarter. First Horizon Corp now owns 1,490 shares of the exchange traded fund’s stock valued at $70,000 after purchasing an additional 1,190 shares during the last quarter.

Alerian MLP ETF Price Performance

AMLP stock opened at $55.31 on Wednesday. The company has a fifty day moving average price of $53.28 and a two-hundred day moving average price of $52.69. Alerian MLP ETF has a one year low of $44.64 and a one year high of $55.66. The stock has a market cap of $13.00 billion, a price-to-earnings ratio of 14.17 and a beta of 0.50.

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).