PFG Investments LLC Increases Position in Alerian MLP ETF (NYSEARCA:AMLP)

PFG Investments LLC increased its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 91.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,947 shares of the exchange traded fund’s stock after acquiring an additional 8,549 shares during the quarter. PFG Investments LLC’s holdings in Alerian MLP ETF were worth $846,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AMLP. SteelPeak Wealth LLC purchased a new stake in Alerian MLP ETF during the 1st quarter worth approximately $241,000. LVW Advisors LLC purchased a new position in shares of Alerian MLP ETF during the first quarter worth $264,000. Capital Advisors Ltd. LLC lifted its holdings in shares of Alerian MLP ETF by 8.7% in the 1st quarter. Capital Advisors Ltd. LLC now owns 18,079 shares of the exchange traded fund’s stock valued at $858,000 after buying an additional 1,454 shares during the period. Naviter Wealth LLC boosted its stake in shares of Alerian MLP ETF by 7.8% in the first quarter. Naviter Wealth LLC now owns 599,907 shares of the exchange traded fund’s stock worth $28,472,000 after buying an additional 43,621 shares during the last quarter. Finally, Lake Street Private Wealth LLC raised its position in Alerian MLP ETF by 2.1% during the first quarter. Lake Street Private Wealth LLC now owns 51,065 shares of the exchange traded fund’s stock valued at $2,424,000 after acquiring an additional 1,036 shares in the last quarter.

Alerian MLP ETF Trading Down 0.1 %

Shares of AMLP opened at $46.85 on Monday. The firm has a market cap of $8.43 billion, a P/E ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a 12 month low of $41.06 and a 12 month high of $49.44. The stock’s 50 day moving average is $47.06 and its two-hundred day moving average is $47.00.

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.