Alerian MLP ETF (NYSEARCA:AMLP) Shares Bought by Shikiar Asset Management Inc.

Shikiar Asset Management Inc. increased its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 4.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 200,925 shares of the exchange traded fund’s stock after acquiring an additional 8,770 shares during the quarter. Alerian MLP ETF comprises about 2.6% of Shikiar Asset Management Inc.’s holdings, making the stock its 9th largest position. Shikiar Asset Management Inc.’s holdings in Alerian MLP ETF were worth $9,677,000 at the end of the most recent quarter.

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

Alerian MLP ETF Price Performance

NYSEARCA AMLP opened at $51.71 on Friday. The stock has a market capitalization of $9.30 billion, a P/E ratio of 13.08 and a beta of 0.48. The business has a 50 day simple moving average of $49.01 and a 200 day simple moving average of $47.88. Alerian MLP ETF has a one year low of $42.25 and a one year high of $51.75.

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.