Gentry Private Wealth LLC Acquires New Shares in Alerian MLP ETF (NYSEARCA:AMLP)

Gentry Private Wealth LLC acquired a new stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 7,509 shares of the exchange traded fund’s stock, valued at approximately $360,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Russell Investments Group Ltd. acquired a new position in Alerian MLP ETF during the 1st quarter valued at approximately $27,000. First United Bank & Trust bought a new stake in Alerian MLP ETF during the 4th quarter valued at $35,000. ICA Group Wealth Management LLC bought a new stake in Alerian MLP ETF during the 4th quarter valued at $38,000. Ridgewood Investments LLC bought a new stake in Alerian MLP ETF during the 2nd quarter valued at $52,000. Finally, Eagle Bay Advisors LLC bought a new stake in Alerian MLP ETF during the 4th quarter valued at $56,000.

Alerian MLP ETF Price Performance

Shares of Alerian MLP ETF stock opened at $46.30 on Friday. The business’s fifty day moving average price is $47.38 and its two-hundred day moving average price is $46.89. The company has a market capitalization of $8.33 billion, a P/E ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a 1-year low of $40.03 and a 1-year high of $49.44.

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.