Private Advisor Group LLC Buys 19,380 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

Private Advisor Group LLC raised its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 10.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 209,166 shares of the exchange traded fund’s stock after acquiring an additional 19,380 shares during the period. Private Advisor Group LLC’s holdings in Alerian MLP ETF were worth $9,858,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Retirement Planning Group LLC grew its holdings in shares of Alerian MLP ETF by 24.3% in the 2nd quarter. Retirement Planning Group LLC now owns 7,612 shares of the exchange traded fund’s stock worth $365,000 after purchasing an additional 1,489 shares during the last quarter. Kingswood Wealth Advisors LLC increased its holdings in shares of Alerian MLP ETF by 36.7% during the first quarter. Kingswood Wealth Advisors LLC now owns 10,104 shares of the exchange traded fund’s stock worth $480,000 after buying an additional 2,714 shares in the last quarter. Dynamic Advisor Solutions LLC increased 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 buying an additional 2,673 shares in the last quarter. Oppenheimer & Co. Inc. raised its stake in shares of Alerian MLP ETF by 8.0% in the first quarter. Oppenheimer & Co. Inc. now owns 87,811 shares of the exchange traded fund’s stock valued at $4,168,000 after acquiring an additional 6,486 shares during the last quarter. Finally, EP Wealth Advisors LLC acquired a new position in shares of Alerian MLP ETF in the 1st quarter worth approximately $228,000.

Alerian MLP ETF Price Performance

AMLP stock opened at $46.93 on Friday. The business has a fifty day moving average price of $47.06 and a 200 day moving average price of $47.01. Alerian MLP ETF has a fifty-two week low of $41.06 and a fifty-two week high of $49.44. The stock has a market capitalization of $8.44 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48.

Alerian MLP ETF Company 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.