Elgethun Capital Management Has $8.27 Million Stock Position in Alerian MLP ETF (NYSEARCA:AMLP)

Elgethun Capital Management increased its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 3.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 171,730 shares of the exchange traded fund’s stock after acquiring an additional 5,519 shares during the quarter. Alerian MLP ETF comprises about 2.0% of Elgethun Capital Management’s investment portfolio, making the stock its 16th largest holding. Elgethun Capital Management’s holdings in Alerian MLP ETF were worth $8,271,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Park Avenue Securities LLC raised its position in shares of Alerian MLP ETF by 38.8% in the 4th quarter. Park Avenue Securities LLC now owns 32,525 shares of the exchange traded fund’s stock valued at $1,566,000 after buying an additional 9,088 shares in the last quarter. Edgemoor Investment Advisors Inc. bought a new position in shares of Alerian MLP ETF in the 4th quarter valued at $214,000. Fisher Asset Management LLC acquired a new position in shares of Alerian MLP ETF during the 4th quarter worth $211,000. Strategic Financial Concepts LLC acquired a new stake in Alerian MLP ETF in the fourth quarter valued at about $27,000. Finally, Proficio Capital Partners LLC increased its position in Alerian MLP ETF by 7.9% during the 4th quarter. Proficio Capital Partners LLC now owns 434,649 shares of the exchange traded fund’s stock worth $20,933,000 after purchasing an additional 31,882 shares in the last quarter.

Alerian MLP ETF Trading Down 7.1 %

Shares of AMLP stock opened at $47.02 on Monday. The business’s 50-day moving average price is $51.56 and its 200-day moving average price is $49.55. The firm has a market capitalization of $9.75 billion, a price-to-earnings ratio of 14.02 and a beta of 0.99. Alerian MLP ETF has a 12 month low of $44.21 and a 12 month high of $53.24.

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.