G&S Capital LLC Takes Position in Alerian MLP ETF (NYSEARCA:AMLP)

G&S Capital LLC purchased a new stake in Alerian MLP ETF (NYSEARCA:AMLP) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 56,760 shares of the exchange traded fund’s stock, valued at approximately $2,694,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of AMLP. First United Bank & Trust bought a new position in shares of Alerian MLP ETF during the 4th quarter worth $35,000. ICA Group Wealth Management LLC purchased a new position in Alerian MLP ETF during the 4th quarter valued at about $38,000. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Alerian MLP ETF in the 4th quarter valued at about $39,000. Friedenthal Financial purchased a new stake in shares of Alerian MLP ETF in the 4th quarter worth approximately $54,000. Finally, Eagle Bay Advisors LLC bought a new position in shares of Alerian MLP ETF during the fourth quarter valued at approximately $56,000.

Alerian MLP ETF Stock Down 0.1 %

Shares of NYSEARCA:AMLP opened at $47.63 on Thursday. The firm has a 50 day moving average of $46.55 and a 200 day moving average of $45.39. The company has a market capitalization of $8.57 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a 52 week low of $38.23 and a 52 week high of $48.48.

Alerian MLP ETF Company 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.