Royal Bank of Canada Increases Stake in Alerian MLP ETF $AMLP

Royal Bank of Canada grew its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 6.8% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 2,414,295 shares of the exchange traded fund’s stock after purchasing an additional 154,146 shares during the quarter. Royal Bank of Canada’s holdings in Alerian MLP ETF were worth $127,088,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Global Trust Asset Management LLC grew its stake in 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 valued at $37,000 after acquiring an additional 600 shares in the last quarter. Flagship Harbor Advisors LLC bought a new stake in Alerian MLP ETF in the 4th quarter valued at $43,000. Whittier Trust Co. of Nevada Inc. lifted its stake 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 worth $53,000 after purchasing an additional 1,000 shares in the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in Alerian MLP ETF in the 4th quarter worth $57,000. Finally, Palladiem LLC bought a new position in shares of Alerian MLP ETF during the 4th quarter valued at about $60,000.

Alerian MLP ETF Stock Up 0.0%

Shares of Alerian MLP ETF stock opened at $54.83 on Friday. The firm has a market cap of $12.87 billion, a price-to-earnings ratio of 14.17 and a beta of 0.50. The business has a 50-day moving average price of $52.76 and a 200-day moving average price of $52.17. Alerian MLP ETF has a twelve month low of $44.64 and a twelve month high of $55.62.

Alerian MLP ETF 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).