Lyell Wealth Management LP Invests $216,000 in Alerian MLP ETF (NYSEARCA:AMLP)

Lyell Wealth Management LP purchased a new position in shares of Alerian MLP ETF (NYSEARCA:AMLP) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,500 shares of the exchange traded fund’s stock, valued at approximately $216,000.

Other hedge funds also recently made changes to their positions in the company. Russell Investments Group Ltd. bought a new position in shares of Alerian MLP ETF in the first quarter valued at $27,000. Asset Dedication LLC grew its stake in shares of Alerian MLP ETF by 1,244.0% in the second 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 in the last quarter. ICA Group Wealth Management LLC bought a new position in shares of Alerian MLP ETF in the fourth quarter valued at $38,000. Strategic Financial Concepts LLC bought a new position in shares of Alerian MLP ETF in the second quarter valued at $49,000. Finally, Ridgewood Investments LLC bought a new position in shares of Alerian MLP ETF in the second quarter valued at $52,000.

Alerian MLP ETF Trading Up 0.9 %

NYSEARCA:AMLP opened at $47.40 on Monday. The firm has a fifty day simple moving average of $47.22 and a 200 day simple moving average of $46.95. Alerian MLP ETF has a 1-year low of $40.03 and a 1-year high of $49.44. The stock has a market capitalization of $8.53 billion, a PE ratio of 13.08 and a beta of 0.48.

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.