Clarity Financial LLC Takes Position in Alerian MLP ETF (NYSEARCA:AMLP)

Clarity Financial LLC bought a new stake in Alerian MLP ETF (NYSEARCA:AMLP) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 4,737 shares of the exchange traded fund’s stock, valued at approximately $223,000.

Other hedge funds also recently modified their holdings of the company. Diversify Advisory Services LLC acquired a new stake in shares of Alerian MLP ETF in the 1st quarter valued at approximately $253,000. WBI Investments LLC acquired a new stake in shares of Alerian MLP ETF in the 1st quarter valued at approximately $415,000. Riggs Asset Managment Co. Inc. raised its position in shares of Alerian MLP ETF by 1.5% in the 1st quarter. Riggs Asset Managment Co. Inc. now owns 195,128 shares of the exchange traded fund’s stock valued at $9,261,000 after acquiring an additional 2,880 shares during the period. Advisory Services Network LLC raised its position in shares of Alerian MLP ETF by 13.0% in the 1st quarter. Advisory Services Network LLC now owns 124,687 shares of the exchange traded fund’s stock valued at $5,918,000 after acquiring an additional 14,334 shares during the period. Finally, Envestnet Portfolio Solutions Inc. raised its position in shares of Alerian MLP ETF by 94.4% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 15,676 shares of the exchange traded fund’s stock valued at $744,000 after acquiring an additional 7,614 shares during the period.

Alerian MLP ETF Price Performance

Shares of NYSEARCA:AMLP opened at $46.79 on Tuesday. The company has a market capitalization of $8.42 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. The firm’s 50 day simple moving average is $47.06 and its 200 day simple moving average is $47.02. Alerian MLP ETF has a fifty-two week low of $41.06 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.