TKG Advisors LLC Purchases 3,706 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

TKG Advisors LLC boosted its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 4.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 79,551 shares of the exchange traded fund’s stock after purchasing an additional 3,706 shares during the quarter. Alerian MLP ETF comprises about 1.8% of TKG Advisors LLC’s portfolio, making the stock its 19th biggest position. TKG Advisors LLC’s holdings in Alerian MLP ETF were worth $3,749,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Retirement Planning Group LLC grew its stake in Alerian MLP ETF by 24.3% during the 2nd quarter. Retirement Planning Group LLC now owns 7,612 shares of the exchange traded fund’s stock valued at $365,000 after purchasing an additional 1,489 shares during the last quarter. Dynamic Advisor Solutions LLC raised its holdings in shares of Alerian MLP ETF by 22.2% during the second quarter. Dynamic Advisor Solutions LLC now owns 14,711 shares of the exchange traded fund’s stock worth $706,000 after purchasing an additional 2,673 shares during the last quarter. Oppenheimer & Co. Inc. lifted its position in Alerian MLP ETF by 8.0% during the first quarter. Oppenheimer & Co. Inc. now owns 87,811 shares of the exchange traded fund’s stock valued at $4,168,000 after purchasing an additional 6,486 shares during the period. EP Wealth Advisors LLC purchased a new stake in Alerian MLP ETF in the first quarter valued at $228,000. Finally, Optimum Investment Advisors raised its stake in shares of Alerian MLP ETF by 40.0% during the 2nd quarter. Optimum Investment Advisors now owns 1,400 shares of the exchange traded fund’s stock valued at $67,000 after buying an additional 400 shares during the last quarter.

Alerian MLP ETF Stock Performance

NYSEARCA AMLP traded up $0.33 during mid-day trading on Monday, reaching $46.81. 57,219 shares of the stock were exchanged, compared to its average volume of 1,294,572. The company has a market capitalization of $8.42 billion, a P/E ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a 1 year low of $41.06 and a 1 year high of $49.44. The business’s 50 day moving average is $47.06 and its 200-day moving average is $47.01.

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.