Surience Private Wealth LLC Invests $4.20 Million in Alerian MLP ETF $AMLP

Surience Private Wealth LLC acquired a new position in shares of Alerian MLP ETF (NYSEARCA:AMLP) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 79,809 shares of the exchange traded fund’s stock, valued at approximately $4,201,000. Alerian MLP ETF accounts for about 4.5% of Surience Private Wealth LLC’s holdings, making the stock its 7th largest position.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Flagship Harbor Advisors LLC acquired a new stake in 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 fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,125 shares of the exchange traded fund’s stock worth $53,000 after purchasing an additional 1,000 shares in the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in shares of Alerian MLP ETF in the fourth quarter worth $57,000. Palladiem LLC acquired a new position in shares of Alerian MLP ETF during the fourth quarter valued at $60,000. Finally, BROOKFIELD Corp ON acquired a new position in shares of Alerian MLP ETF during the second quarter valued at $65,000.

Alerian MLP ETF Stock Down 2.4%

Shares of NYSEARCA AMLP opened at $50.39 on Thursday. The stock has a market cap of $11.75 billion, a P/E ratio of 14.17 and a beta of 0.50. The firm’s 50-day simple moving average is $52.55 and its 200 day simple moving average is $51.05. Alerian MLP ETF has a fifty-two week low of $44.64 and a fifty-two week high of $55.22.

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. 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).