Truist Financial Corp increased its position in shares of Alerian MLP ETF (NYSEARCA:AMLP – Free Report) by 210.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 314,200 shares of the exchange traded fund’s stock after purchasing an additional 213,014 shares during the period. Truist Financial Corp’s holdings in Alerian MLP ETF were worth $13,360,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of AMLP. Provence Wealth Management Group purchased a new stake in shares of Alerian MLP ETF during the 3rd quarter worth approximately $31,000. McGlone Suttner Wealth Management Inc. purchased a new stake in Alerian MLP ETF in the fourth quarter valued at $39,000. Friedenthal Financial purchased a new stake in Alerian MLP ETF in the fourth quarter valued at $54,000. Signaturefd LLC acquired a new position in Alerian MLP ETF in the fourth quarter valued at $77,000. Finally, Headlands Technologies LLC purchased a new position in shares of Alerian MLP ETF during the third quarter worth about $87,000.
Alerian MLP ETF Stock Performance
AMLP opened at $46.55 on Thursday. The stock has a market capitalization of $8.37 billion, a P/E ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a one year low of $37.06 and a one year high of $48.48. The business’s 50-day simple moving average is $46.80 and its 200-day simple moving average is $44.34.
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.
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