Wealth Alliance Acquires 16,579 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

Wealth Alliance grew its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 7.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 229,241 shares of the exchange traded fund’s stock after buying an additional 16,579 shares during the period. Alerian MLP ETF accounts for approximately 1.4% of Wealth Alliance’s holdings, making the stock its 11th biggest position. Wealth Alliance’s holdings in Alerian MLP ETF were worth $10,999,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of AMLP. Russell Investments Group Ltd. bought a new position in Alerian MLP ETF in the 1st quarter worth about $27,000. Asset Dedication LLC boosted its stake in Alerian MLP ETF by 1,244.0% in the 2nd quarter. Asset Dedication LLC now owns 672 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 622 shares in the last quarter. ICA Group Wealth Management LLC bought a new position in Alerian MLP ETF in the 4th quarter worth about $38,000. Ridgewood Investments LLC bought a new position in Alerian MLP ETF in the 2nd quarter worth about $52,000. Finally, Optimum Investment Advisors boosted its stake in Alerian MLP ETF by 40.0% in the 2nd quarter. Optimum Investment Advisors now owns 1,400 shares of the exchange traded fund’s stock worth $67,000 after purchasing an additional 400 shares in the last quarter.

Alerian MLP ETF Price Performance

Shares of Alerian MLP ETF stock opened at $47.55 on Wednesday. The stock has a market cap of $8.55 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. The firm’s 50-day moving average is $47.21 and its 200 day moving average is $46.96. Alerian MLP ETF has a 1 year low of $40.03 and a 1 year high of $49.44.

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.