Capital Asset Advisory Services LLC Makes New $277,000 Investment in Alerian MLP ETF (NYSEARCA:AMLP)

Capital Asset Advisory Services LLC bought a new position in shares of Alerian MLP ETF (NYSEARCA:AMLP) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,802 shares of the exchange traded fund’s stock, valued at approximately $277,000.

Other institutional investors have also recently bought and sold shares of the company. First United Bank & Trust bought a new position in shares of Alerian MLP ETF during the fourth quarter worth $35,000. ICA Group Wealth Management LLC bought a new position in shares of Alerian MLP ETF during the fourth quarter worth $38,000. McGlone Suttner Wealth Management Inc. bought a new position in shares of Alerian MLP ETF during the fourth quarter worth $39,000. Friedenthal Financial bought a new position in shares of Alerian MLP ETF during the fourth quarter worth $54,000. Finally, Eagle Bay Advisors LLC bought a new position in shares of Alerian MLP ETF during the fourth quarter worth $56,000.

Alerian MLP ETF Price Performance

Shares of NYSEARCA AMLP traded up $0.21 during midday trading on Friday, reaching $47.91. 1,377,526 shares of the stock were exchanged, compared to its average volume of 1,248,559. The business has a 50-day simple moving average of $46.58 and a two-hundred day simple moving average of $45.41. The company has a market capitalization of $8.62 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a 12 month low of $38.81 and a 12 month high of $48.48.

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.