ORG Partners LLC Makes New $322,000 Investment in Alerian MLP ETF (NYSEARCA:AMLP)

ORG Partners LLC purchased a new stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) in the second quarter, HoldingsChannel reports. The institutional investor purchased 6,686 shares of the exchange traded fund’s stock, valued at approximately $322,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Rational Advisors LLC bought a new stake in Alerian MLP ETF during the first quarter worth about $65,064,000. 1832 Asset Management L.P. purchased a new stake in Alerian MLP ETF in the fourth quarter worth approximately $51,416,000. Wells Fargo & Company MN grew its position in Alerian MLP ETF by 14.3% during the fourth 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. Cetera Investment Advisers raised its stake in shares of Alerian MLP ETF by 470.3% during the first quarter. Cetera Investment Advisers now owns 442,029 shares of the exchange traded fund’s stock worth $20,979,000 after acquiring an additional 364,516 shares in the last quarter. Finally, Allen Wealth Management LLC bought a new stake in shares of Alerian MLP ETF in the 4th quarter worth approximately $12,865,000.

Alerian MLP ETF Stock Performance

Shares of AMLP stock traded up $0.92 on Wednesday, hitting $45.58. 1,270,564 shares of the company’s stock traded hands, compared to its average volume of 1,292,893. The stock has a market capitalization of $8.20 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. The company’s fifty day simple moving average is $47.38 and its 200 day simple moving average is $46.62. Alerian MLP ETF has a one year low of $40.03 and a one year high of $49.44.

Alerian MLP ETF 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.