Stratos Wealth Advisors LLC purchased a new stake in shares of Alerian MLP ETF (NYSEARCA:AMLP – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 22,498 shares of the exchange traded fund’s stock, valued at approximately $1,099,000.
Several other institutional investors have also recently bought and sold shares of the business. Nova Wealth Management Inc. bought a new position in shares of Alerian MLP ETF in the second quarter valued at about $28,000. Headlands Technologies LLC bought a new stake in Alerian MLP ETF during the 1st quarter worth about $31,000. Golden State Wealth Management LLC acquired a new stake in Alerian MLP ETF in the 1st quarter valued at about $34,000. Crews Bank & Trust bought a new position in shares of Alerian MLP ETF in the second quarter worth about $39,000. Finally, Independence Bank of Kentucky lifted its position in shares of Alerian MLP ETF by 517.5% during the second quarter. Independence Bank of Kentucky now owns 988 shares of the exchange traded fund’s stock worth $48,000 after purchasing an additional 828 shares in the last quarter.
Alerian MLP ETF Price Performance
AMLP stock opened at $45.63 on Friday. The company has a 50 day moving average price of $47.36 and a 200 day moving average price of $48.12. Alerian MLP ETF has a fifty-two week low of $43.75 and a fifty-two week high of $53.24. The stock has a market capitalization of $10.02 billion, a PE ratio of 14.17 and a beta of 1.42.
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.
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