NewEdge Advisors LLC grew its stake in Alerian MLP ETF (NYSEARCA:AMLP – Free Report) by 12.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 627,920 shares of the exchange traded fund’s stock after acquiring an additional 70,402 shares during the quarter. NewEdge Advisors LLC’s holdings in Alerian MLP ETF were worth $32,558,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of the company. Mayfair Advisory Group LLC boosted its stake in Alerian MLP ETF by 3.4% during the 1st quarter. Mayfair Advisory Group LLC now owns 6,079 shares of the exchange traded fund’s stock worth $320,000 after acquiring an additional 200 shares during the last quarter. Noesis Capital Mangement Corp increased its stake in Alerian MLP ETF by 3.0% in the first quarter. Noesis Capital Mangement Corp now owns 6,900 shares of the exchange traded fund’s stock valued at $363,000 after purchasing an additional 200 shares in the last quarter. Capital Advisors Inc. OK increased its stake in Alerian MLP ETF by 2.7% in the second quarter. Capital Advisors Inc. OK now owns 7,563 shares of the exchange traded fund’s stock valued at $392,000 after purchasing an additional 200 shares in the last quarter. J. L. Bainbridge & Co. Inc. increased its stake in Alerian MLP ETF by 5.0% in the first quarter. J. L. Bainbridge & Co. Inc. now owns 5,680 shares of the exchange traded fund’s stock valued at $299,000 after purchasing an additional 271 shares in the last quarter. Finally, Keudell Morrison Wealth Management raised its holdings in Alerian MLP ETF by 5.2% in the first quarter. Keudell Morrison Wealth Management now owns 5,577 shares of the exchange traded fund’s stock worth $294,000 after purchasing an additional 275 shares during the period.
Alerian MLP ETF Stock Performance
AMLP opened at $56.19 on Thursday. The firm’s fifty day moving average is $54.58 and its two-hundred day moving average is $53.21. The firm has a market cap of $13.20 billion, a PE ratio of 14.17 and a beta of 0.51. Alerian MLP ETF has a twelve month low of $44.64 and a twelve month high of $56.29.
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. The Index is comprised of 25 energy infrastructure MLPs. The fund will invest at least 90% of its total assets in securities, which comprise the Index (or depositary receipts based on such securities).
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