North Star Investment Management Corp. Increases Stock Holdings in Alerian MLP ETF (NYSEARCA:AMLP)

North Star Investment Management Corp. lifted its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 4.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 191,909 shares of the exchange traded fund’s stock after buying an additional 8,074 shares during the period. North Star Investment Management Corp. owned approximately 0.11% of Alerian MLP ETF worth $9,045,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Russell Investments Group Ltd. acquired a new stake in Alerian MLP ETF in the 1st quarter worth about $27,000. Asset Dedication LLC boosted its position in shares of Alerian MLP ETF by 1,244.0% during the 2nd quarter. Asset Dedication LLC now owns 672 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 622 shares during the period. Massmutual Trust Co. FSB ADV acquired a new stake in shares of Alerian MLP ETF in the third quarter valued at $40,000. ORG Wealth Partners LLC purchased a new stake in Alerian MLP ETF during the third quarter worth about $41,000. Finally, Strategic Financial Concepts LLC purchased a new stake in Alerian MLP ETF during the 2nd quarter worth approximately $49,000.

Alerian MLP ETF Stock Up 1.1 %

Alerian MLP ETF stock traded up $0.50 during trading on Tuesday, reaching $47.29. The stock had a trading volume of 217,026 shares, compared to its average volume of 1,302,411. The stock has a market cap of $8.51 billion, a PE ratio of 13.08 and a beta of 0.48. The business has a 50 day moving average price of $47.06 and a 200 day moving average price of $47.02. Alerian MLP ETF has a 52-week low of $41.06 and a 52-week 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.