Alerian MLP ETF $AMLP is Summit Financial Wealth Advisors LLC’s 8th Largest Position

Summit Financial Wealth Advisors LLC raised its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 6.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 326,648 shares of the exchange traded fund’s stock after acquiring an additional 19,460 shares during the period. Alerian MLP ETF comprises approximately 2.9% of Summit Financial Wealth Advisors LLC’s investment portfolio, making the stock its 8th largest holding. Summit Financial Wealth Advisors LLC owned 0.15% of Alerian MLP ETF worth $15,960,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently modified their holdings of the company. Kingswood Wealth Advisors LLC grew its stake in shares of Alerian MLP ETF by 7.7% during the 2nd quarter. Kingswood Wealth Advisors LLC now owns 38,622 shares of the exchange traded fund’s stock worth $1,887,000 after acquiring an additional 2,775 shares during the period. Americana Partners LLC boosted its position in Alerian MLP ETF by 68.8% during the second quarter. Americana Partners LLC now owns 21,758 shares of the exchange traded fund’s stock worth $1,063,000 after purchasing an additional 8,871 shares during the period. Parallel Advisors LLC increased its stake in shares of Alerian MLP ETF by 8.2% in the second quarter. Parallel Advisors LLC now owns 7,558 shares of the exchange traded fund’s stock worth $369,000 after purchasing an additional 572 shares in the last quarter. Allworth Financial LP increased its stake in shares of Alerian MLP ETF by 30.1% in the second quarter. Allworth Financial LP now owns 289,212 shares of the exchange traded fund’s stock worth $14,131,000 after purchasing an additional 66,989 shares in the last quarter. Finally, Baker Avenue Asset Management LP bought a new stake in shares of Alerian MLP ETF in the second quarter valued at approximately $1,700,000.

Alerian MLP ETF Trading Up 0.2%

Shares of AMLP stock opened at $47.41 on Monday. The firm’s 50 day moving average is $46.78 and its 200 day moving average is $47.81. The stock has a market capitalization of $10.40 billion, a P/E ratio of 14.17 and a beta of 0.70. Alerian MLP ETF has a 12 month low of $43.75 and a 12 month high of $53.24.

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.