Lyell Wealth Management LP Purchases Shares of 4,500 Alerian MLP ETF (NYSEARCA:AMLP)

Lyell Wealth Management LP purchased a new stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 4,500 shares of the exchange traded fund’s stock, valued at approximately $216,000.

Other hedge funds have also added to or reduced their stakes in the company. Russell Investments Group Ltd. acquired a new stake in shares of Alerian MLP ETF during the first quarter worth $27,000. Asset Dedication LLC lifted its holdings in shares of Alerian MLP ETF by 1,244.0% during the second quarter. Asset Dedication LLC now owns 672 shares of the exchange traded fund’s stock worth $32,000 after buying an additional 622 shares in the last quarter. ICA Group Wealth Management LLC acquired a new stake in shares of Alerian MLP ETF during the fourth quarter worth $38,000. Strategic Financial Concepts LLC acquired a new stake in shares of Alerian MLP ETF during the second quarter worth $49,000. Finally, Ridgewood Investments LLC acquired a new stake in shares of Alerian MLP ETF during the second quarter worth $52,000.

Alerian MLP ETF Stock Performance

AMLP opened at $47.40 on Monday. Alerian MLP ETF has a fifty-two week low of $40.03 and a fifty-two week high of $49.44. The company has a market capitalization of $8.53 billion, a P/E ratio of 13.08 and a beta of 0.48. The stock has a fifty day moving average of $47.22 and a 200-day moving average of $46.95.

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.