SNS Financial Group LLC bought a new position in Alerian MLP ETF (NYSEARCA:AMLP) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 11,039 shares of the exchange traded fund’s stock, valued at approximately $96,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Sonora Investment Management LLC boosted its position in Alerian MLP ETF by 84.0% during the fourth quarter. Sonora Investment Management LLC now owns 5,520 shares of the exchange traded fund’s stock valued at $48,000 after purchasing an additional 2,520 shares during the last quarter. MRA Associates USA LLC acquired a new stake in Alerian MLP ETF during the fourth quarter valued at $61,000. Highwater Wealth Management LLC acquired a new stake in Alerian MLP ETF during the fourth quarter valued at $85,000. Reitz Capital Advisors LLC acquired a new stake in Alerian MLP ETF during the fourth quarter valued at $108,000. Finally, GWM Advisors LLC acquired a new stake in shares of Alerian MLP ETF in the third quarter worth about $112,000.
Shares of NYSEARCA:AMLP opened at $9.65 on Monday. Alerian MLP ETF has a fifty-two week low of $8.27 and a fifty-two week high of $11.41.
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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