TRUE Private Wealth Advisors Grows Stake in Alerian MLP ETF (NYSEARCA:AMLP)

TRUE Private Wealth Advisors grew its position in Alerian MLP ETF (NYSEARCA:AMLPFree Report) by 3.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 8,292 shares of the exchange traded fund’s stock after purchasing an additional 283 shares during the period. TRUE Private Wealth Advisors’ holdings in Alerian MLP ETF were worth $353,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Allen Capital Group LLC grew its holdings in Alerian MLP ETF by 158.3% in the fourth quarter. Allen Capital Group LLC now owns 59,270 shares of the exchange traded fund’s stock worth $2,520,000 after purchasing an additional 36,324 shares during the last quarter. Wealth Alliance grew its holdings in Alerian MLP ETF by 6.8% in the fourth quarter. Wealth Alliance now owns 187,443 shares of the exchange traded fund’s stock worth $7,970,000 after purchasing an additional 11,972 shares during the last quarter. United Asset Strategies Inc. purchased a new position in Alerian MLP ETF in the fourth quarter worth $802,000. First American Trust FSB grew its holdings in Alerian MLP ETF by 0.6% in the fourth quarter. First American Trust FSB now owns 568,681 shares of the exchange traded fund’s stock worth $24,180,000 after purchasing an additional 3,646 shares during the last quarter. Finally, Private Client Services LLC purchased a new position in Alerian MLP ETF in the fourth quarter worth $462,000.

Alerian MLP ETF Trading Up 0.9 %

NYSEARCA AMLP opened at $45.96 on Thursday. Alerian MLP ETF has a 12-month low of $37.06 and a 12-month high of $48.48. The firm’s fifty day simple moving average is $46.25 and its two-hundred day simple moving average is $43.96. The firm has a market capitalization of $8.18 billion, a P/E ratio of 12.87 and a beta of 0.51.

About Alerian MLP ETF

(Free Report)

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.

See Also

Want to see what other hedge funds are holding AMLP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alerian MLP ETF (NYSEARCA:AMLPFree Report).

Institutional Ownership by Quarter for Alerian MLP ETF (NYSEARCA:AMLP)

Receive News & Ratings for Alerian MLP ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alerian MLP ETF and related companies with MarketBeat.com's FREE daily email newsletter.