Hancock Whitney Corp Acquires 9,313 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

Hancock Whitney Corp grew its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 19.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,934 shares of the exchange traded fund’s stock after purchasing an additional 9,313 shares during the period. Hancock Whitney Corp’s holdings in Alerian MLP ETF were worth $2,780,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Russell Investments Group Ltd. bought a new position in Alerian MLP ETF during the first quarter valued at approximately $27,000. Asset Dedication LLC lifted its holdings in shares of Alerian MLP ETF by 1,244.0% during the 2nd quarter. Asset Dedication LLC now owns 672 shares of the exchange traded fund’s stock valued at $32,000 after buying an additional 622 shares during the period. ICA Group Wealth Management LLC purchased a new position in shares of Alerian MLP ETF in the 4th quarter worth $38,000. Strategic Financial Concepts LLC bought a new stake in shares of Alerian MLP ETF in the second quarter worth $49,000. Finally, Ridgewood Investments LLC purchased a new stake in Alerian MLP ETF during the second quarter valued at $52,000.

Alerian MLP ETF Stock Performance

AMLP stock opened at $47.17 on Friday. The business’s 50-day moving average is $47.13 and its two-hundred day moving average is $46.99. The company has a market cap of $8.48 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a fifty-two week low of $40.03 and a fifty-two week 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.