Compound Planning Inc. Purchases 30,700 Shares of Alerian MLP ETF $AMLP

Compound Planning Inc. increased its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 172.2% during the first quarter, HoldingsChannel reports. The fund owned 48,528 shares of the exchange traded fund’s stock after buying an additional 30,700 shares during the period. Compound Planning Inc.’s holdings in Alerian MLP ETF were worth $2,521,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. CW Advisors LLC lifted its position in Alerian MLP ETF by 3.1% during the 1st quarter. CW Advisors LLC now owns 90,722 shares of the exchange traded fund’s stock worth $4,712,000 after buying an additional 2,761 shares in the last quarter. Summit Financial LLC grew its stake in Alerian MLP ETF by 1.6% in the 1st quarter. Summit Financial LLC now owns 16,627 shares of the exchange traded fund’s stock valued at $864,000 after buying an additional 257 shares during the last quarter. New Harbor Financial Group LLC grew its stake in Alerian MLP ETF by 89.2% in the 1st quarter. New Harbor Financial Group LLC now owns 465,660 shares of the exchange traded fund’s stock valued at $24,186,000 after buying an additional 219,589 shares during the last quarter. Venture Visionary Partners LLC grew its stake in Alerian MLP ETF by 48.4% in the 1st quarter. Venture Visionary Partners LLC now owns 19,545 shares of the exchange traded fund’s stock valued at $1,015,000 after buying an additional 6,372 shares during the last quarter. Finally, Muhlenkamp & Co. Inc. grew its stake in Alerian MLP ETF by 0.9% in the 1st quarter. Muhlenkamp & Co. Inc. now owns 176,704 shares of the exchange traded fund’s stock valued at $9,178,000 after buying an additional 1,595 shares during the last quarter.

Alerian MLP ETF Stock Performance

Shares of AMLP opened at $48.27 on Friday. Alerian MLP ETF has a 52 week low of $43.75 and a 52 week high of $53.24. The firm has a market cap of $10.37 billion, a P/E ratio of 14.17 and a beta of 1.42. The firm’s 50-day simple moving average is $48.79 and its 200 day simple moving average is $49.39.

Alerian MLP ETF Company 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.