Alerian MLP ETF $AMLP Shares Bought by Avidian Wealth Enterprises LLC

Avidian Wealth Enterprises LLC lifted its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 46.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,748 shares of the exchange traded fund’s stock after acquiring an additional 7,863 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in Alerian MLP ETF were worth $1,209,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of AMLP. Stephens Inc. AR lifted its holdings in shares of Alerian MLP ETF by 1.1% during the second quarter. Stephens Inc. AR now owns 1,074,933 shares of the exchange traded fund’s stock valued at $52,521,000 after purchasing an additional 11,525 shares during the last quarter. Balboa Wealth Partners increased its stake in Alerian MLP ETF by 9.8% in the 2nd quarter. Balboa Wealth Partners now owns 5,223 shares of the exchange traded fund’s stock worth $255,000 after purchasing an additional 467 shares in the last quarter. Salomon & Ludwin LLC purchased a new position in Alerian MLP ETF in the 2nd quarter worth about $98,000. SAM Advisors LLC raised its holdings in Alerian MLP ETF by 6.1% during the 2nd quarter. SAM Advisors LLC now owns 57,524 shares of the exchange traded fund’s stock worth $2,811,000 after buying an additional 3,323 shares during the period. Finally, Novare Capital Management LLC lifted its stake in Alerian MLP ETF by 1.6% during the second quarter. Novare Capital Management LLC now owns 245,175 shares of the exchange traded fund’s stock valued at $11,979,000 after buying an additional 3,827 shares in the last quarter.

Alerian MLP ETF Price Performance

Shares of AMLP opened at $46.25 on Wednesday. The company has a 50-day moving average of $47.26 and a two-hundred day moving average of $48.09. The stock has a market cap of $10.15 billion, a price-to-earnings ratio of 14.17 and a beta of 1.42. Alerian MLP ETF has a one year low of $43.75 and a one year high of $53.24.

About Alerian MLP ETF

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.