Alerian MLP ETF (NYSEARCA:AMLP) Stock Holdings Increased by Edge Wealth Management LLC

Edge Wealth Management LLC lifted its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 137.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,716 shares of the exchange traded fund’s stock after purchasing an additional 8,521 shares during the quarter. Edge Wealth Management LLC’s holdings in Alerian MLP ETF were worth $694,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Russell Investments Group Ltd. bought a new position in Alerian MLP ETF during the first quarter valued at approximately $27,000. Asset Dedication LLC raised its position in Alerian MLP ETF by 1,244.0% during the second quarter. Asset Dedication LLC now owns 672 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 622 shares in the last quarter. Massmutual Trust Co. FSB ADV bought a new position in shares of Alerian MLP ETF in the third quarter valued at approximately $40,000. ORG Wealth Partners LLC bought a new position in shares of Alerian MLP ETF in the third quarter valued at approximately $41,000. Finally, Strategic Financial Concepts LLC acquired a new stake in shares of Alerian MLP ETF in the second quarter worth $49,000.

Alerian MLP ETF Price Performance

Shares of Alerian MLP ETF stock traded down $0.45 during midday trading on Tuesday, hitting $47.23. The company had a trading volume of 1,700,362 shares, compared to its average volume of 1,297,078. Alerian MLP ETF has a 1-year low of $41.06 and a 1-year high of $49.44. The business’s 50 day simple moving average is $46.86 and its two-hundred day simple moving average is $47.04. The stock has a market cap of $8.50 billion, a PE ratio of 13.08 and a beta of 0.48.

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.