White Pine Investment CO Increases Holdings in Alerian MLP ETF (NYSEARCA:AMLP)

White Pine Investment CO raised its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 1.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 90,495 shares of the exchange traded fund’s stock after buying an additional 1,201 shares during the period. White Pine Investment CO’s holdings in Alerian MLP ETF were worth $4,358,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Enclave Advisors LLC raised its position in shares of Alerian MLP ETF by 3.4% during the 4th quarter. Enclave Advisors LLC now owns 278,238 shares of the exchange traded fund’s stock valued at $13,400,000 after buying an additional 9,217 shares during the period. Atomi Financial Group Inc. increased its stake in Alerian MLP ETF by 17.7% during the fourth quarter. Atomi Financial Group Inc. now owns 17,828 shares of the exchange traded fund’s stock worth $859,000 after acquiring an additional 2,678 shares during the last quarter. Lmcg Investments LLC increased its stake in Alerian MLP ETF by 54.6% during the fourth quarter. Lmcg Investments LLC now owns 20,336 shares of the exchange traded fund’s stock worth $979,000 after acquiring an additional 7,182 shares during the last quarter. Ulland Investment Advisors LLC raised its position in Alerian MLP ETF by 39.0% in the fourth quarter. Ulland Investment Advisors LLC now owns 14,918 shares of the exchange traded fund’s stock valued at $718,000 after purchasing an additional 4,188 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in shares of Alerian MLP ETF by 808.9% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 7,798 shares of the exchange traded fund’s stock valued at $376,000 after purchasing an additional 6,940 shares during the last quarter.

Alerian MLP ETF Stock Performance

Shares of AMLP stock opened at $52.47 on Wednesday. Alerian MLP ETF has a one year low of $42.69 and a one year high of $52.65. The firm’s 50 day moving average price is $49.17 and its 200-day moving average price is $47.93. The firm has a market cap of $9.44 billion, a P/E ratio of 13.08 and a beta of 0.48.

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.