North Star Investment Management Corp. Increases Stock Holdings in Alerian MLP ETF (NYSEARCA:AMLP)

North Star Investment Management Corp. raised its stake in Alerian MLP ETF (NYSEARCA:AMLP – Get Rating) by 2.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 83,321 shares of the exchange traded fund’s stock after purchasing an additional 1,913 shares during the quarter. North Star Investment Management Corp.’s holdings in Alerian MLP ETF were worth $3,172,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Accurate Wealth Management LLC purchased a new stake in shares of Alerian MLP ETF in the fourth quarter valued at approximately $26,000. Signature Securities Group Corporation purchased a new stake in shares of Alerian MLP ETF in the third quarter valued at approximately $40,000. Chilton Capital Management LLC purchased a new stake in shares of Alerian MLP ETF in the second quarter valued at approximately $40,000. Ancora Advisors LLC boosted its stake in shares of Alerian MLP ETF by 114.3% in the first quarter. Ancora Advisors LLC now owns 1,200 shares of the exchange traded fund’s stock valued at $37,000 after buying an additional 640 shares in the last quarter. Finally, Gradient Investments LLC boosted its stake in shares of Alerian MLP ETF by 14,720.0% in the fourth quarter. Gradient Investments LLC now owns 2,223 shares of the exchange traded fund’s stock valued at $85,000 after buying an additional 2,208 shares in the last quarter.

Alerian MLP ETF Price Performance

Alerian MLP ETF stock opened at $37.04 on Friday. Alerian MLP ETF has a 1-year low of $32.25 and a 1-year high of $42.47. The company has a market cap of $6.19 billion, a PE ratio of 13.30 and a beta of 1.46. The stock’s 50 day moving average price is $39.66 and its 200 day moving average price is $39.30.

Alerian MLP ETF Company Profile

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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.