Stonebridge Capital Advisors LLC boosted its holdings in shares of Alerian MLP (NYSEARCA:AMLP) by 25.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 51,400 shares of the exchange traded fund’s stock after buying an additional 10,475 shares during the quarter. Stonebridge Capital Advisors LLC’s holdings in Alerian MLP were worth $555,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of AMLP. Capital Wealth Planning LLC purchased a new position in shares of Alerian MLP during the 4th quarter valued at approximately $108,000. Lake Street Advisors Group LLC purchased a new position in shares of Alerian MLP during the 4th quarter valued at approximately $115,000. Westside Investment Management Inc. increased its holdings in shares of Alerian MLP by 97.9% during the 4th quarter. Westside Investment Management Inc. now owns 12,500 shares of the exchange traded fund’s stock valued at $142,000 after purchasing an additional 6,185 shares in the last quarter. Wealthcare Advisory Partners LLC purchased a new position in shares of Alerian MLP during the 3rd quarter valued at approximately $143,000. Finally, Burke & Herbert Bank & Trust Co. purchased a new position in shares of Alerian MLP during the 4th quarter valued at approximately $156,000.
Alerian MLP stock opened at $9.88 on Monday. The firm has a market cap of $8,800.00 and a P/E ratio of 4.80. Alerian MLP has a 1-year low of $9.14 and a 1-year high of $12.89.
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Alerian MLP 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.
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