Envision Financial LLC Buys New Position in Alerian MLP ETF (NYSEARCA:AMLP)

Envision Financial LLC purchased a new position in shares of Alerian MLP ETF (NYSEARCA:AMLP) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 7,065 shares of the exchange traded fund’s stock, valued at approximately $340,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Ashton Thomas Securities LLC purchased a new stake in Alerian MLP ETF in the 3rd quarter worth approximately $28,000. Massmutual Trust Co. FSB ADV purchased a new stake in shares of Alerian MLP ETF in the third quarter valued at $40,000. City State Bank acquired a new position in Alerian MLP ETF in the fourth quarter valued at $40,000. ORG Wealth Partners LLC acquired a new stake in Alerian MLP ETF in the 3rd quarter worth about $41,000. Finally, Advisors Asset Management Inc. purchased a new stake in Alerian MLP ETF in the 3rd quarter valued at about $65,000.

Alerian MLP ETF Stock Up 0.6 %

Shares of AMLP stock traded up $0.31 during trading hours on Monday, hitting $49.49. 805,341 shares of the company were exchanged, compared to its average volume of 1,113,540. The firm has a fifty day moving average of $48.71 and a 200 day moving average of $47.78. Alerian MLP ETF has a 1 year low of $42.25 and a 1 year high of $51.47. The firm has a market cap of $8.90 billion, a PE 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.