Perissos Private Wealth Management LLC Has $1.04 Million Position in Alerian MLP ETF (NYSEARCA:AMLP)

Perissos Private Wealth Management LLC raised its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 12.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,649 shares of the exchange traded fund’s stock after purchasing an additional 2,468 shares during the period. Perissos Private Wealth Management LLC’s holdings in Alerian MLP ETF were worth $1,043,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Strategic Financial Concepts LLC acquired a new position in shares of Alerian MLP ETF in the fourth quarter valued at $27,000. Ashton Thomas Securities LLC acquired a new position in shares of Alerian MLP ETF in the third quarter valued at about $28,000. City State Bank acquired a new position in shares of Alerian MLP ETF in the fourth quarter valued at about $40,000. ORG Wealth Partners LLC acquired a new position in shares of Alerian MLP ETF in the third quarter valued at about $41,000. Finally, Advisors Asset Management Inc. acquired a new position in shares of Alerian MLP ETF in the third quarter valued at about $65,000.

Alerian MLP ETF Stock Performance

AMLP stock opened at $52.08 on Wednesday. The company’s 50-day simple moving average is $50.04 and its 200 day simple moving average is $48.31. Alerian MLP ETF has a 52 week low of $43.29 and a 52 week high of $53.24. The company has a market capitalization of $9.37 billion, a PE ratio of 13.08 and a beta of 0.48.

About Alerian MLP ETF

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.