Financial Management Network Inc. Invests $9.59 Million in Alerian MLP ETF $AMLP

Financial Management Network Inc. acquired a new stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 183,167 shares of the exchange traded fund’s stock, valued at approximately $9,591,000. Alerian MLP ETF makes up approximately 1.5% of Financial Management Network Inc.’s portfolio, making the stock its 18th biggest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Flagship Harbor Advisors LLC acquired a new stake in Alerian MLP ETF in the 4th quarter worth approximately $43,000. Whittier Trust Co. of Nevada Inc. increased its stake in 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 valued at $53,000 after purchasing an additional 1,000 shares in the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in Alerian MLP ETF during the 4th quarter valued at approximately $57,000. Palladiem LLC purchased a new position in shares of Alerian MLP ETF in the fourth quarter worth $60,000. Finally, BROOKFIELD Corp ON purchased a new position in shares of Alerian MLP ETF in the second quarter worth $65,000.

Alerian MLP ETF Trading Down 0.0%

NYSEARCA:AMLP opened at $50.66 on Tuesday. 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 simple moving average of $52.59 and a 200-day simple moving average of $51.01. The company has a market capitalization of $11.82 billion, a P/E ratio of 14.17 and a beta of 0.50.

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).