G&S Capital LLC Acquires New Position in Alerian MLP ETF (NYSEARCA:AMLP)

G&S Capital LLC bought a new position in Alerian MLP ETF (NYSEARCA:AMLP) during the first quarter, Holdings Channel.com reports. The institutional investor bought 56,760 shares of the exchange traded fund’s stock, valued at approximately $2,694,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. 1832 Asset Management L.P. acquired a new stake in shares of Alerian MLP ETF in the fourth quarter valued at approximately $51,416,000. International Assets Investment Management LLC raised its holdings in shares of Alerian MLP ETF by 3,469.7% during the 4th quarter. International Assets Investment Management LLC now owns 1,015,120 shares of the exchange traded fund’s stock worth $431,630,000 after acquiring an additional 986,683 shares during the period. Wells Fargo & Company MN boosted its position in shares of Alerian MLP ETF by 14.3% during the 4th quarter. Wells Fargo & Company MN now owns 4,946,698 shares of the exchange traded fund’s stock valued at $210,334,000 after acquiring an additional 619,287 shares during the last quarter. Ameriprise Financial Inc. increased its position in Alerian MLP ETF by 58.4% during the third quarter. Ameriprise Financial Inc. now owns 1,030,729 shares of the exchange traded fund’s stock worth $43,522,000 after purchasing an additional 380,025 shares during the last quarter. Finally, Allen Wealth Management LLC purchased a new position in Alerian MLP ETF during the fourth quarter worth about $12,865,000.

Alerian MLP ETF Price Performance

Alerian MLP ETF stock opened at $47.63 on Thursday. The stock has a market cap of $8.57 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. The firm has a 50 day simple moving average of $46.55 and a 200-day simple moving average of $45.39. Alerian MLP ETF has a 1-year low of $38.23 and a 1-year high of $48.48.

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.