Fortem Financial Group LLC Has $11.31 Million Position in Alerian MLP ETF (NYSEARCA:AMLP)

Fortem Financial Group LLC increased its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 234,906 shares of the exchange traded fund’s stock after purchasing an additional 2,058 shares during the period. Alerian MLP ETF makes up 4.4% of Fortem Financial Group LLC’s holdings, making the stock its biggest holding. Fortem Financial Group LLC owned 0.13% of Alerian MLP ETF worth $11,313,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of AMLP. Ashton Thomas Securities LLC bought a new stake in shares of Alerian MLP ETF during the 3rd quarter worth $28,000. Asset Dedication LLC boosted its stake in shares of Alerian MLP ETF by 1,244.0% in the 2nd quarter. Asset Dedication LLC now owns 672 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 622 shares in the last quarter. Massmutual Trust Co. FSB ADV bought a new stake in shares of Alerian MLP ETF during the 3rd quarter valued at approximately $40,000. ORG Wealth Partners LLC acquired a new position in Alerian MLP ETF during the 3rd quarter worth approximately $41,000. Finally, Strategic Financial Concepts LLC acquired a new position in Alerian MLP ETF during the 2nd quarter worth approximately $49,000.

Alerian MLP ETF Stock Up 0.1 %

Shares of NYSEARCA AMLP traded up $0.03 during trading on Monday, reaching $48.82. The company had a trading volume of 1,141,906 shares, compared to its average volume of 1,097,347. The company’s fifty day moving average price is $48.46 and its 200-day moving average price is $47.72. The stock has a market cap of $8.78 billion, a P/E ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a 12 month low of $42.25 and a 12 month high of $51.47.

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.