Alerian MLP ETF $AMLP Stock: Samalin Investment Counsel LLC Raises Position

Samalin Investment Counsel LLC grew its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 15.7% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 85,461 shares of the exchange traded fund’s stock after purchasing an additional 11,571 shares during the period. Alerian MLP ETF accounts for 1.3% of Samalin Investment Counsel LLC’s portfolio, making the stock its 13th biggest position. Samalin Investment Counsel LLC’s holdings in Alerian MLP ETF were worth $4,433,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Total Wealth Planning & Management Inc. grew its position in shares of Alerian MLP ETF by 7.5% in the 3rd quarter. Total Wealth Planning & Management Inc. now owns 28,796 shares of the exchange traded fund’s stock valued at $1,494,000 after buying an additional 2,013 shares during the last quarter. Valen Private Capital LLC acquired a new stake in Alerian MLP ETF during the 3rd quarter worth $6,373,000. NTV Asset Management LLC raised its stake in Alerian MLP ETF by 3.5% during the 3rd quarter. NTV Asset Management LLC now owns 135,827 shares of the exchange traded fund’s stock worth $7,045,000 after acquiring an additional 4,649 shares in the last quarter. Evergreen Capital Management LLC raised its stake in Alerian MLP ETF by 2.1% during the 3rd quarter. Evergreen Capital Management LLC now owns 174,986 shares of the exchange traded fund’s stock worth $9,077,000 after acquiring an additional 3,669 shares in the last quarter. Finally, Tectonic Advisors LLC raised its stake in Alerian MLP ETF by 3.0% during the 3rd quarter. Tectonic Advisors LLC now owns 288,621 shares of the exchange traded fund’s stock worth $14,971,000 after acquiring an additional 8,411 shares in the last quarter.

Alerian MLP ETF Price Performance

Shares of AMLP opened at $53.14 on Monday. Alerian MLP ETF has a 1-year low of $46.04 and a 1-year high of $56.43. The stock has a market cap of $12.82 billion, a PE ratio of 14.17 and a beta of 0.54. The firm has a fifty day moving average price of $54.06 and a 200 day moving average price of $53.40.

Alerian MLP ETF Company 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. 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).