Alpha Omega Wealth Management LLC Reduces Stake in Alerian MLP ETF (NYSEARCA:AMLP)

Alpha Omega Wealth Management LLC lowered its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 5.3% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 7,357 shares of the exchange traded fund’s stock after selling 414 shares during the quarter. Alpha Omega Wealth Management LLC’s holdings in Alerian MLP ETF were worth $347,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in AMLP. 1832 Asset Management L.P. increased its holdings in shares of Alerian MLP ETF by 58.2% in the 1st quarter. 1832 Asset Management L.P. now owns 1,912,850 shares of the exchange traded fund’s stock valued at $90,784,000 after acquiring an additional 703,620 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of Alerian MLP ETF by 470.3% in the 1st quarter. Cetera Investment Advisers now owns 442,029 shares of the exchange traded fund’s stock valued at $20,979,000 after purchasing an additional 364,516 shares during the period. Blair William & Co. IL boosted its position in shares of Alerian MLP ETF by 260.0% in the 2nd quarter. Blair William & Co. IL now owns 484,890 shares of the exchange traded fund’s stock valued at $23,265,000 after purchasing an additional 350,196 shares during the period. Allen Wealth Management LLC acquired a new stake in shares of Alerian MLP ETF in the 4th quarter valued at about $12,865,000. Finally, Envestnet Asset Management Inc. boosted its position in shares of Alerian MLP ETF by 15.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,007,435 shares of the exchange traded fund’s stock valued at $96,317,000 after purchasing an additional 272,696 shares during the period.

Alerian MLP ETF Trading Up 0.4 %

Shares of NYSEARCA AMLP traded up $0.17 during trading hours on Friday, reaching $47.65. The stock had a trading volume of 946,663 shares, compared to its average volume of 1,299,640. The firm has a market cap of $8.57 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a fifty-two week low of $40.22 and a fifty-two week high of $49.44. The firm has a 50-day moving average of $46.87 and a 200-day moving average of $47.02.

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.