Advisors Preferred LLC Purchases New Stake in Alerian MLP ETF $AMLP

Advisors Preferred LLC purchased a new stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) in the first quarter, Holdings Channel reports. The firm purchased 139,680 shares of the exchange traded fund’s stock, valued at approximately $7,353,000. Alerian MLP ETF accounts for approximately 1.1% of Advisors Preferred LLC’s holdings, making the stock its 27th largest holding.

Other institutional investors have also recently bought and sold shares of the company. Global Trust Asset Management LLC increased its position in shares of Alerian MLP ETF by 600.0% during the first 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 in the last quarter. Flagship Harbor Advisors LLC acquired a new stake in shares of Alerian MLP ETF in the 4th quarter worth about $43,000. Whittier Trust Co. of Nevada Inc. lifted its position in Alerian MLP ETF by 800.0% in 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 acquiring an additional 1,000 shares in the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in Alerian MLP ETF in the 4th quarter valued at about $57,000. Finally, Palladiem LLC acquired a new position in Alerian MLP ETF during the 4th quarter valued at about $60,000.

Alerian MLP ETF Stock Up 0.2%

Shares of Alerian MLP ETF stock opened at $53.82 on Wednesday. The company has a market cap of $12.69 billion, a PE ratio of 14.17 and a beta of 0.50. Alerian MLP ETF has a 52 week low of $44.64 and a 52 week high of $55.22. The business has a 50 day moving average price of $52.61 and a 200-day moving average price of $51.56.

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).