Kestra Advisory Services LLC Boosts Stake in Alerian MLP ETF $AMLP

Kestra Advisory Services LLC increased its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 55.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 247,302 shares of the exchange traded fund’s stock after acquiring an additional 88,484 shares during the quarter. Kestra Advisory Services LLC’s holdings in Alerian MLP ETF were worth $13,018,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AMLP. Money Concepts Capital Corp acquired a new stake in Alerian MLP ETF in the 1st quarter valued at about $212,000. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Alerian MLP ETF by 6.8% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 882,651 shares of the exchange traded fund’s stock worth $46,463,000 after purchasing an additional 56,516 shares during the last quarter. Greenwood Capital Associates LLC grew its position in shares of Alerian MLP ETF by 19.2% in the first quarter. Greenwood Capital Associates LLC now owns 7,301 shares of the exchange traded fund’s stock valued at $384,000 after purchasing an additional 1,174 shares in the last quarter. Lmcg Investments LLC grew its position in shares of Alerian MLP ETF by 25.5% in the first quarter. Lmcg Investments LLC now owns 37,609 shares of the exchange traded fund’s stock valued at $1,980,000 after purchasing an additional 7,653 shares in the last quarter. Finally, Axxcess Wealth Management LLC increased its holdings in shares of Alerian MLP ETF by 10.5% in the first quarter. Axxcess Wealth Management LLC now owns 33,412 shares of the exchange traded fund’s stock valued at $1,759,000 after purchasing an additional 3,181 shares during the last quarter.

Alerian MLP ETF Stock Performance

Shares of Alerian MLP ETF stock opened at $52.70 on Monday. Alerian MLP ETF has a one year low of $44.64 and a one year high of $55.22. The company has a market cap of $12.41 billion, a price-to-earnings ratio of 14.17 and a beta of 0.50. The business’s 50 day moving average price is $52.62 and its 200 day moving average price is $51.46.

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. The Index is comprised of 25 energy infrastructure MLPs. The fund will invest at least 90% of its total assets in securities, which comprise the Index (or depositary receipts based on such securities).