Argent Trust Co bought a new position in Alerian MLP (NYSEARCA:AMLP) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 39,612 shares of the exchange traded fund’s stock, valued at approximately $427,000.
Several other institutional investors and hedge funds also recently modified their holdings of the company. Capital Wealth Planning LLC acquired a new position in shares of Alerian MLP during the fourth quarter valued at approximately $108,000. Wealthcare Advisory Partners LLC acquired a new stake in Alerian MLP during the third quarter worth $143,000. Burke & Herbert Bank & Trust Co. acquired a new stake in Alerian MLP during the fourth quarter worth $156,000. American Research & Management Co. boosted its position in shares of Alerian MLP by 45.8% during the fourth quarter. American Research & Management Co. now owns 18,075 shares of the exchange traded fund’s stock worth $195,000 after buying an additional 5,675 shares during the period. Finally, Dearborn Partners LLC purchased a new position in shares of Alerian MLP during the fourth quarter worth $197,000.
Shares of Alerian MLP (NYSEARCA AMLP) opened at $9.38 on Friday. Alerian MLP has a 52 week low of $9.14 and a 52 week high of $12.89. The firm has a market capitalization of $8,800.00 and a price-to-earnings ratio of 4.55.
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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.
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