Retirement Planning Group LLC raised its position in shares of Alerian MLP ETF (NYSEARCA:AMLP – Free Report) by 85.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,628 shares of the exchange traded fund’s stock after acquiring an additional 10,919 shares during the period. Retirement Planning Group LLC’s holdings in Alerian MLP ETF were worth $1,226,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also made changes to their positions in AMLP. Kercheville Advisors LLC lifted its holdings in shares of Alerian MLP ETF by 31.0% in the 3rd quarter. Kercheville Advisors LLC now owns 10,675 shares of the exchange traded fund’s stock worth $554,000 after acquiring an additional 2,525 shares during the last quarter. Independent Wealth Network Inc. boosted its stake in shares of Alerian MLP ETF by 5.4% during the 3rd quarter. Independent Wealth Network Inc. now owns 6,718 shares of the exchange traded fund’s stock worth $348,000 after purchasing an additional 343 shares during the period. Quantum Financial Partners LLC grew its holdings in Alerian MLP ETF by 14.8% during the 3rd quarter. Quantum Financial Partners LLC now owns 6,415 shares of the exchange traded fund’s stock valued at $333,000 after purchasing an additional 827 shares during the last quarter. Sculati Wealth Management LLC grew its holdings in Alerian MLP ETF by 0.8% during the 3rd quarter. Sculati Wealth Management LLC now owns 53,796 shares of the exchange traded fund’s stock valued at $2,836,000 after purchasing an additional 436 shares during the last quarter. Finally, Onyx Bridge Wealth Group LLC grew its holdings in Alerian MLP ETF by 1.7% during the 3rd quarter. Onyx Bridge Wealth Group LLC now owns 17,684 shares of the exchange traded fund’s stock valued at $917,000 after purchasing an additional 296 shares during the last quarter.
Alerian MLP ETF Price Performance
Alerian MLP ETF stock opened at $52.60 on Wednesday. Alerian MLP ETF has a 1-year low of $45.94 and a 1-year high of $56.43. The firm has a market capitalization of $12.69 billion, a P/E ratio of 14.17 and a beta of 0.54. The company’s 50-day moving average is $54.18 and its 200 day moving average is $53.39.
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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