Wills Financial Group LLC Makes New Investment in Alerian MLP ETF $AMLP

Wills Financial Group LLC purchased a new position in Alerian MLP ETF (NYSEARCA:AMLP) in the fourth quarter, Holdings Channel reports. The fund purchased 72,361 shares of the exchange traded fund’s stock, valued at approximately $3,402,000. Alerian MLP ETF makes up about 1.3% of Wills Financial Group LLC’s holdings, making the stock its 26th biggest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. REAP Financial Group LLC lifted its position in shares of Alerian MLP ETF by 2,000.0% in the third quarter. REAP Financial Group LLC now owns 525 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 500 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new stake in shares of Alerian MLP ETF in the fourth quarter worth about $43,000. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Alerian MLP ETF by 800.0% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,125 shares of the exchange traded fund’s stock worth $53,000 after purchasing an additional 1,000 shares during the last quarter. Palladiem LLC acquired a new position in shares of Alerian MLP ETF during the 4th quarter worth about $60,000. Finally, BROOKFIELD Corp ON acquired a new position in shares of Alerian MLP ETF during the 2nd quarter worth about $65,000.

Alerian MLP ETF Stock Performance

NYSEARCA AMLP opened at $52.13 on Wednesday. Alerian MLP ETF has a twelve month low of $44.64 and a twelve month high of $55.22. The stock has a market capitalization of $12.16 billion, a PE ratio of 14.17 and a beta of 0.50. The stock has a 50-day simple moving average of $52.80 and a 200 day simple moving average of $50.75.

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).