Pinnacle Bancorp Inc. Has $192,000 Position in Alerian MLP ETF (NYSEARCA:AMLP)

Pinnacle Bancorp Inc. grew its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 40.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,986 shares of the exchange traded fund’s stock after buying an additional 1,155 shares during the quarter. Pinnacle Bancorp Inc.’s holdings in Alerian MLP ETF were worth $192,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMLP. Farther Finance Advisors LLC raised its position in Alerian MLP ETF by 532.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 19,668 shares of the exchange traded fund’s stock worth $927,000 after purchasing an additional 16,560 shares during the last quarter. Advisors Asset Management Inc. acquired a new stake in shares of Alerian MLP ETF in the 3rd quarter valued at $65,000. Regency Capital Management Inc. DE raised its position in shares of Alerian MLP ETF by 173.7% during the third quarter. Regency Capital Management Inc. DE now owns 98,179 shares of the exchange traded fund’s stock worth $4,627,000 after acquiring an additional 62,304 shares during the last quarter. Benjamin Edwards Inc. boosted its holdings in Alerian MLP ETF by 47.0% in the second quarter. Benjamin Edwards Inc. now owns 20,362 shares of the exchange traded fund’s stock valued at $977,000 after acquiring an additional 6,514 shares during the last quarter. Finally, Silver Lake Advisory LLC bought a new position in Alerian MLP ETF in the second quarter valued at about $236,000.

Alerian MLP ETF Trading Up 1.4 %

Shares of NYSEARCA:AMLP opened at $51.48 on Friday. Alerian MLP ETF has a 1-year low of $42.25 and a 1-year high of $51.52. The stock has a market capitalization of $9.26 billion, a P/E ratio of 13.08 and a beta of 0.48. The business has a 50-day moving average price of $48.87 and a two-hundred day moving average price of $47.83.

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.