Burke & Herbert Bank & Trust Co. Invests $700,000 in Alerian MLP ETF (NYSEARCA:AMLP)

Burke & Herbert Bank & Trust Co. bought a new stake in Alerian MLP ETF (NYSEARCA:AMLP) in the second quarter, Holdings Channel.com reports. The firm bought 14,585 shares of the exchange traded fund’s stock, valued at approximately $700,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of AMLP. Searcy Financial Services Inc. ADV lifted its position in Alerian MLP ETF by 0.9% during the second quarter. Searcy Financial Services Inc. ADV now owns 321,083 shares of the exchange traded fund’s stock worth $15,406,000 after buying an additional 2,978 shares in the last quarter. LVW Advisors LLC boosted its position in shares of Alerian MLP ETF by 32.4% during the 2nd quarter. LVW Advisors LLC now owns 7,355 shares of the exchange traded fund’s stock valued at $353,000 after acquiring an additional 1,800 shares during the last quarter. Dynamic Advisor Solutions LLC grew its holdings in shares of Alerian MLP ETF by 22.2% in the second quarter. Dynamic Advisor Solutions LLC now owns 14,711 shares of the exchange traded fund’s stock valued at $706,000 after purchasing an additional 2,673 shares during the period. Vigilare Wealth Management increased its position in Alerian MLP ETF by 4.1% during the second quarter. Vigilare Wealth Management now owns 17,804 shares of the exchange traded fund’s stock worth $854,000 after purchasing an additional 704 shares during the last quarter. Finally, Retirement Planning Group LLC increased its position in Alerian MLP ETF by 24.3% during the second quarter. Retirement Planning Group LLC now owns 7,612 shares of the exchange traded fund’s stock worth $365,000 after purchasing an additional 1,489 shares during the last quarter.

Alerian MLP ETF Stock Performance

AMLP stock opened at $44.66 on Wednesday. Alerian MLP ETF has a one year low of $40.03 and a one year high of $49.44. The firm has a market cap of $8.03 billion, a PE ratio of 13.08 and a beta of 0.48. The firm’s 50 day moving average price is $47.38 and its 200-day moving average price is $46.62.

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.