Wealth Enhancement Advisory Services LLC Acquires 13,479 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 4.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 338,226 shares of the exchange traded fund’s stock after acquiring an additional 13,479 shares during the quarter. Wealth Enhancement Advisory Services LLC owned approximately 0.19% of Alerian MLP ETF worth $15,941,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMLP. SteelPeak Wealth LLC bought a new position in shares of Alerian MLP ETF during the first quarter valued at approximately $241,000. LVW Advisors LLC bought a new position in Alerian MLP ETF in the first quarter worth $264,000. Lake Street Private Wealth LLC raised its holdings in Alerian MLP ETF by 2.1% in the first quarter. Lake Street Private Wealth LLC now owns 51,065 shares of the exchange traded fund’s stock worth $2,424,000 after purchasing an additional 1,036 shares in the last quarter. Kovack Advisors Inc. raised its holdings in Alerian MLP ETF by 4.1% in the first quarter. Kovack Advisors Inc. now owns 9,682 shares of the exchange traded fund’s stock worth $460,000 after purchasing an additional 384 shares in the last quarter. Finally, SpiderRock Advisors LLC bought a new position in Alerian MLP ETF in the first quarter worth $883,000.

Alerian MLP ETF Trading Down 0.4 %

AMLP opened at $46.67 on Tuesday. Alerian MLP ETF has a 12-month low of $41.06 and a 12-month high of $49.44. The company has a market cap of $8.39 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. The stock has a fifty day simple moving average of $47.05 and a two-hundred day simple moving average of $47.00.

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.