FNY Investment Advisers LLC Acquires Shares of 3,000 Alerian MLP ETF (NYSEARCA:AMLP)

FNY Investment Advisers LLC acquired a new position in shares of Alerian MLP ETF (NYSEARCA:AMLP) during the 4th quarter, Holdings Channel reports. The firm acquired 3,000 shares of the exchange traded fund’s stock, valued at approximately $144,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Ashton Thomas Securities LLC acquired a new position in shares of Alerian MLP ETF in the third quarter valued at about $28,000. City State Bank bought a new stake in Alerian MLP ETF in the 4th quarter valued at about $40,000. Massmutual Trust Co. FSB ADV acquired a new position in shares of Alerian MLP ETF during the 3rd quarter worth approximately $40,000. ORG Wealth Partners LLC bought a new position in shares of Alerian MLP ETF during the third quarter worth approximately $41,000. Finally, Advisors Asset Management Inc. acquired a new stake in shares of Alerian MLP ETF in the third quarter valued at approximately $65,000.

Alerian MLP ETF Trading Up 1.8 %

Shares of AMLP stock opened at $50.49 on Wednesday. The stock has a market cap of $9.08 billion, a P/E ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a 1 year low of $42.25 and a 1 year high of $51.47. The stock has a 50 day simple moving average of $48.77 and a 200 day simple moving average of $47.80.

About Alerian MLP ETF

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.