City State Bank Takes $40,000 Position in Alerian MLP ETF (NYSEARCA:AMLP)

City State Bank purchased a new position in Alerian MLP ETF (NYSEARCA:AMLP) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 837 shares of the exchange traded fund’s stock, valued at approximately $40,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC purchased a new position in Alerian MLP ETF in the third quarter worth about $28,000. Massmutual Trust Co. FSB ADV purchased a new position in Alerian MLP ETF in the third quarter worth about $40,000. ORG Wealth Partners LLC purchased a new position in Alerian MLP ETF in the third quarter worth about $41,000. Advisors Asset Management Inc. purchased a new position in Alerian MLP ETF in the third quarter worth about $65,000. Finally, Rosenberg Matthew Hamilton grew its position in Alerian MLP ETF by 803.5% in the third quarter. Rosenberg Matthew Hamilton now owns 1,545 shares of the exchange traded fund’s stock worth $73,000 after acquiring an additional 1,374 shares in the last quarter.

Alerian MLP ETF Trading Up 0.8 %

AMLP opened at $49.59 on Tuesday. The firm has a market cap of $8.92 billion, a P/E ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a 12 month low of $42.25 and a 12 month high of $51.47. The stock has a 50-day moving average of $48.77 and a 200 day moving average of $47.80.

Alerian MLP ETF 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.