Disciplined Equity Management Inc. Invests $109,000 in Alerian MLP ETF (NYSEARCA:AMLP)

Disciplined Equity Management Inc. acquired a new position in Alerian MLP ETF (NYSEARCA:AMLP) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,570 shares of the exchange traded fund’s stock, valued at approximately $109,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of AMLP. Provence Wealth Management Group purchased a new stake in Alerian MLP ETF in the 3rd quarter worth $31,000. McGlone Suttner Wealth Management Inc. purchased a new stake in Alerian MLP ETF in the 4th quarter worth $39,000. Friedenthal Financial purchased a new stake in Alerian MLP ETF in the 4th quarter worth $54,000. Signaturefd LLC purchased a new stake in Alerian MLP ETF in the 4th quarter worth $77,000. Finally, Global Trust Asset Management LLC increased its stake in Alerian MLP ETF by 32.3% in the 4th 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 in the last quarter.

Alerian MLP ETF Stock Up 0.5 %

AMLP stock traded up $0.23 during trading on Wednesday, reaching $47.50. The company’s stock had a trading volume of 1,428,582 shares, compared to its average volume of 1,265,061. Alerian MLP ETF has a 1 year low of $37.06 and a 1 year high of $48.48. The company has a market capitalization of $8.46 billion, a P/E ratio of 12.87 and a beta of 0.51. The company’s fifty day moving average is $46.60 and its 200-day moving average is $44.18.

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.