Transce3nd LLC Buys Shares of 3,642 Alerian MLP ETF (NYSEARCA:AMLP)

Transce3nd LLC bought a new position in shares of Alerian MLP ETF (NYSEARCA:AMLP) during the fourth quarter, HoldingsChannel.com reports. The firm bought 3,642 shares of the exchange traded fund’s stock, valued at approximately $179,000.

Several other institutional investors also recently modified their holdings of AMLP. First Trust Advisors LP acquired a new stake in shares of Alerian MLP ETF in the 4th quarter valued at approximately $304,000. Commerce Bank raised its stake in Alerian MLP ETF by 4.8% during the 4th quarter. Commerce Bank now owns 149,145 shares of the exchange traded fund’s stock worth $7,183,000 after buying an additional 6,795 shares during the period. Allred Capital Management LLC lifted its holdings in Alerian MLP ETF by 3.1% during the fourth quarter. Allred Capital Management LLC now owns 8,152 shares of the exchange traded fund’s stock worth $393,000 after acquiring an additional 246 shares in the last quarter. First Commonwealth Financial Corp PA grew its stake in Alerian MLP ETF by 12.5% in the fourth quarter. First Commonwealth Financial Corp PA now owns 24,472 shares of the exchange traded fund’s stock valued at $1,179,000 after acquiring an additional 2,724 shares during the period. Finally, NewEdge Advisors LLC increased its holdings in shares of Alerian MLP ETF by 6.2% in the fourth quarter. NewEdge Advisors LLC now owns 406,273 shares of the exchange traded fund’s stock worth $19,566,000 after acquiring an additional 23,580 shares in the last quarter.

Alerian MLP ETF Price Performance

NYSEARCA:AMLP opened at $48.64 on Monday. The business’s 50-day simple moving average is $50.33 and its 200-day simple moving average is $49.52. Alerian MLP ETF has a fifty-two week low of $43.75 and a fifty-two week high of $53.24. The stock has a market capitalization of $10.08 billion, a PE ratio of 14.02 and a beta of 0.99.

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.