Madison Park Capital Advisors LLC Takes $5.57 Million Position in Alerian MLP ETF (NYSEARCA:AMLP)

Madison Park Capital Advisors LLC purchased a new stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 130,888 shares of the exchange traded fund’s stock, valued at approximately $5,565,000. Alerian MLP ETF makes up approximately 5.4% of Madison Park Capital Advisors LLC’s holdings, making the stock its 6th biggest holding. Madison Park Capital Advisors LLC owned 0.08% of Alerian MLP ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also modified their holdings of the business. Provence Wealth Management Group acquired a new stake in Alerian MLP ETF during the third quarter valued at $31,000. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Alerian MLP ETF in the fourth quarter worth about $39,000. Friedenthal Financial acquired a new stake in shares of Alerian MLP ETF in the fourth quarter worth about $54,000. Signaturefd LLC acquired a new stake in shares of Alerian MLP ETF in the fourth quarter worth about $77,000. Finally, Global Trust Asset Management LLC lifted its position in shares of Alerian MLP ETF by 32.3% in the fourth quarter. Global Trust Asset Management LLC now owns 2,050 shares of the exchange traded fund’s stock worth $87,000 after buying an additional 500 shares during the last quarter.

Alerian MLP ETF Stock Up 0.2 %

Shares of NYSEARCA:AMLP traded up $0.08 on Tuesday, reaching $47.27. The company had a trading volume of 1,132,298 shares, compared to its average volume of 1,262,964. Alerian MLP ETF has a twelve month low of $37.06 and a twelve month high of $48.48. The stock has a 50-day moving average price of $46.53 and a 200 day moving average price of $44.16. The stock has a market capitalization of $8.41 billion, a P/E ratio of 12.87 and a beta of 0.51.

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.