SteelPeak Wealth LLC Takes Position in Alerian MLP ETF (NYSEARCA:AMLP)

SteelPeak Wealth LLC bought a new position in shares of Alerian MLP ETF (NYSEARCA:AMLP) during the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 5,087 shares of the exchange traded fund’s stock, valued at approximately $241,000.

Several other institutional investors also recently bought and sold shares of AMLP. First United Bank & Trust purchased a new stake in Alerian MLP ETF in the 4th quarter worth approximately $35,000. ICA Group Wealth Management LLC acquired a new position in shares of Alerian MLP ETF in the 4th quarter valued at $38,000. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Alerian MLP ETF in the 4th quarter valued at $39,000. Friedenthal Financial purchased a new stake in Alerian MLP ETF during the fourth quarter worth $54,000. Finally, Eagle Bay Advisors LLC acquired a new stake in Alerian MLP ETF during the fourth quarter valued at $56,000.

Alerian MLP ETF Stock Performance

Shares of Alerian MLP ETF stock opened at $47.98 on Monday. The firm has a 50-day simple moving average of $46.59 and a two-hundred day simple moving average of $45.51. Alerian MLP ETF has a fifty-two week low of $38.81 and a fifty-two week high of $48.48. The company has a market cap of $8.63 billion, a P/E ratio of 13.08 and a beta of 0.48.

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.