Prevail Innovative Wealth Advisors LLC Has $2.87 Million Stake in Alerian MLP ETF $AMLP

Prevail Innovative Wealth Advisors LLC boosted its position in Alerian MLP ETF (NYSEARCA:AMLP) by 27.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 60,990 shares of the exchange traded fund’s stock after buying an additional 13,136 shares during the period. Prevail Innovative Wealth Advisors LLC’s holdings in Alerian MLP ETF were worth $2,868,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of America Corp DE lifted its holdings in Alerian MLP ETF by 0.7% in the second quarter. Bank of America Corp DE now owns 8,453,389 shares of the exchange traded fund’s stock valued at $413,033,000 after buying an additional 54,835 shares during the period. Allen Investment Management LLC lifted its holdings in Alerian MLP ETF by 9.1% in the third quarter. Allen Investment Management LLC now owns 3,501,325 shares of the exchange traded fund’s stock valued at $164,317,000 after buying an additional 291,011 shares during the period. Raymond James Financial Inc. lifted its holdings in Alerian MLP ETF by 5.9% in the second quarter. Raymond James Financial Inc. now owns 2,715,784 shares of the exchange traded fund’s stock valued at $132,693,000 after buying an additional 152,451 shares during the period. Ameriprise Financial Inc. lifted its holdings in Alerian MLP ETF by 19.2% in the second quarter. Ameriprise Financial Inc. now owns 1,634,868 shares of the exchange traded fund’s stock valued at $79,886,000 after buying an additional 262,817 shares during the period. Finally, US Bancorp DE lifted its holdings in Alerian MLP ETF by 17.7% in the fourth quarter. US Bancorp DE now owns 1,409,498 shares of the exchange traded fund’s stock valued at $66,275,000 after buying an additional 211,540 shares during the period.

Alerian MLP ETF Stock Down 0.8%

AMLP stock opened at $54.40 on Thursday. The firm has a market cap of $12.69 billion, a price-to-earnings ratio of 14.17 and a beta of 0.52. Alerian MLP ETF has a 12-month low of $44.64 and a 12-month high of $55.22. The company’s fifty day simple moving average is $52.76 and its 200 day simple moving average is $50.14.

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. 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).