Bullseye Investment Management LLC Purchases New Position in Alerian MLP ETF $AMLP

Bullseye Investment Management LLC purchased a new position in Alerian MLP ETF (NYSEARCA:AMLP) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 24,312 shares of the exchange traded fund’s stock, valued at approximately $1,261,000. Alerian MLP ETF makes up 0.6% of Bullseye Investment Management LLC’s portfolio, making the stock its 25th largest position.

Several other large investors also recently added to or reduced their stakes in AMLP. Hollencrest Capital Management bought a new stake in shares of Alerian MLP ETF in the 2nd quarter valued at approximately $35,000. Global Trust Asset Management LLC increased its position in shares of Alerian MLP ETF by 600.0% during the 1st quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock valued at $37,000 after purchasing an additional 600 shares during the last quarter. MCF Advisors LLC purchased a new stake in Alerian MLP ETF during the 2nd quarter valued at $46,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in Alerian MLP ETF during the 4th quarter valued at $57,000. Finally, Palladiem LLC purchased a new stake in Alerian MLP ETF during the 4th quarter valued at $60,000.

Alerian MLP ETF Stock Up 0.3%

AMLP traded up $0.16 during trading on Friday, reaching $55.91. The company had a trading volume of 1,181,877 shares, compared to its average volume of 1,536,211. The business has a 50 day simple moving average of $54.65 and a 200-day simple moving average of $53.24. The stock has a market cap of $13.14 billion, a P/E ratio of 14.17 and a beta of 0.51. Alerian MLP ETF has a 52 week low of $44.64 and a 52 week high of $56.43.

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).