Alerian MLP ETF $AMLP Position Lifted by Bard Associates Inc.

Bard Associates Inc. increased its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 70.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 172,527 shares of the exchange traded fund’s stock after buying an additional 71,446 shares during the quarter. Alerian MLP ETF accounts for about 2.1% of Bard Associates Inc.’s holdings, making the stock its 10th biggest position. Bard Associates Inc.’s holdings in Alerian MLP ETF were worth $8,112,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC purchased a new position in shares of Alerian MLP ETF in the 4th quarter valued at approximately $43,000. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Alerian MLP ETF by 800.0% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,125 shares of the exchange traded fund’s stock valued at $53,000 after purchasing an additional 1,000 shares during the last quarter. Palladiem LLC purchased a new position in shares of Alerian MLP ETF in the 4th quarter valued at approximately $60,000. BROOKFIELD Corp ON purchased a new position in shares of Alerian MLP ETF in the 2nd quarter valued at approximately $65,000. Finally, First Horizon Corp grew its stake in shares of Alerian MLP ETF by 396.7% in the 4th quarter. First Horizon Corp now owns 1,490 shares of the exchange traded fund’s stock valued at $70,000 after purchasing an additional 1,190 shares during the last quarter.

Alerian MLP ETF Trading Down 0.3%

Shares of AMLP stock opened at $52.13 on Friday. The business’s 50 day moving average is $52.79 and its two-hundred day moving average is $50.84. Alerian MLP ETF has a twelve month low of $44.64 and a twelve month high of $55.22. The company has a market capitalization of $12.16 billion, a P/E ratio of 14.17 and a beta of 0.50.

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. The Index is comprised of 25 energy infrastructure MLPs. The fund will invest at least 90% of its total assets in securities, which comprise the Index (or depositary receipts based on such securities).