Thompson Davis & CO. Inc. Buys Shares of 4,980 Alerian MLP ETF $AMLP

Thompson Davis & CO. Inc. purchased a new position in Alerian MLP ETF (NYSEARCA:AMLP) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 4,980 shares of the exchange traded fund’s stock, valued at approximately $243,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Nova Wealth Management Inc. purchased a new position in Alerian MLP ETF in the 2nd quarter valued at $28,000. Mid American Wealth Advisory Group Inc. acquired a new stake in shares of Alerian MLP ETF in the second quarter valued at about $29,000. Headlands Technologies LLC purchased a new position in shares of Alerian MLP ETF in the first quarter worth about $31,000. Crews Bank & Trust purchased a new stake in Alerian MLP ETF during the 2nd quarter valued at about $39,000. Finally, Independence Bank of Kentucky lifted its stake in Alerian MLP ETF by 517.5% in the 2nd quarter. Independence Bank of Kentucky now owns 988 shares of the exchange traded fund’s stock worth $48,000 after purchasing an additional 828 shares in the last quarter.

Alerian MLP ETF Stock Performance

NYSEARCA:AMLP opened at $46.25 on Friday. The stock has a 50 day moving average price of $46.78 and a 200 day moving average price of $48.00. The stock has a market cap of $10.15 billion, a PE ratio of 14.17 and a beta of 0.70. Alerian MLP ETF has a one year low of $43.75 and a one year high of $53.24.

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.