Elgethun Capital Management Boosts Holdings in Alerian MLP ETF $AMLP

Elgethun Capital Management boosted its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 6.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 188,564 shares of the exchange traded fund’s stock after buying an additional 10,870 shares during the quarter. Alerian MLP ETF accounts for 1.5% of Elgethun Capital Management’s investment portfolio, making the stock its 17th largest holding. Elgethun Capital Management’s holdings in Alerian MLP ETF were worth $8,866,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. J2 Capital Management Inc boosted its stake in shares of Alerian MLP ETF by 4.2% during the fourth quarter. J2 Capital Management Inc now owns 5,348 shares of the exchange traded fund’s stock valued at $251,000 after purchasing an additional 218 shares during the period. CWA Asset Management Group LLC boosted its stake in shares of Alerian MLP ETF by 1.1% during the fourth quarter. CWA Asset Management Group LLC now owns 19,438 shares of the exchange traded fund’s stock valued at $914,000 after purchasing an additional 220 shares during the period. Shepherd Kaplan Krochuk LLC boosted its stake in shares of Alerian MLP ETF by 2.2% during the third quarter. Shepherd Kaplan Krochuk LLC now owns 10,866 shares of the exchange traded fund’s stock valued at $510,000 after purchasing an additional 237 shares during the period. Private Advisory Group LLC boosted its stake in shares of Alerian MLP ETF by 5.6% during the third quarter. Private Advisory Group LLC now owns 4,524 shares of the exchange traded fund’s stock valued at $212,000 after purchasing an additional 239 shares during the period. Finally, Bogart Wealth LLC boosted its stake in shares of Alerian MLP ETF by 4.4% during the fourth quarter. Bogart Wealth LLC now owns 5,721 shares of the exchange traded fund’s stock valued at $269,000 after purchasing an additional 242 shares during the period.

Alerian MLP ETF Trading Down 0.3%

Shares of AMLP opened at $52.59 on Thursday. The firm has a market capitalization of $12.27 billion, a P/E ratio of 14.17 and a beta of 0.52. Alerian MLP ETF has a 12-month low of $44.64 and a 12-month high of $55.22. The firm has a fifty day moving average price of $52.87 and a 200-day moving average price of $50.58.

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).