Alerian MLP ETF (NYSEARCA:AMLP) Shares Purchased by Essex Financial Services Inc.

Essex Financial Services Inc. raised its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 1.8% in the fourth quarter, HoldingsChannel reports. The firm owned 75,844 shares of the exchange traded fund’s stock after acquiring an additional 1,370 shares during the period. Essex Financial Services Inc.’s holdings in Alerian MLP ETF were worth $3,653,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in AMLP. Hilton Capital Management LLC acquired a new stake in Alerian MLP ETF in the 3rd quarter valued at approximately $31,562,000. EP Wealth Advisors LLC boosted its position in Alerian MLP ETF by 10,423.5% during the 3rd quarter. EP Wealth Advisors LLC now owns 511,442 shares of the exchange traded fund’s stock worth $24,104,000 after acquiring an additional 506,582 shares during the period. School Employees Retirement Board of Ohio bought a new position in shares of Alerian MLP ETF in the third quarter worth $14,643,000. LPL Financial LLC increased its holdings in shares of Alerian MLP ETF by 13.0% during the third quarter. LPL Financial LLC now owns 2,399,962 shares of the exchange traded fund’s stock valued at $113,110,000 after purchasing an additional 275,254 shares during the period. Finally, Crescent Grove Advisors LLC acquired a new position in shares of Alerian MLP ETF during the fourth quarter valued at $12,868,000.

Alerian MLP ETF Stock Up 0.9 %

AMLP stock opened at $52.63 on Tuesday. The company has a 50-day simple moving average of $50.01 and a 200 day simple moving average of $48.28. The company has a market capitalization of $9.47 billion, a P/E ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a fifty-two week low of $43.29 and a fifty-two week high of $53.24.

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.