Wealth Enhancement Advisory Services LLC raised its position in Alerian MLP ETF (NYSEARCA:AMLP – Free Report) by 3.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 282,598 shares of the exchange traded fund’s stock after acquiring an additional 10,509 shares during the period. Wealth Enhancement Advisory Services LLC owned approximately 0.16% of Alerian MLP ETF worth $13,412,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in AMLP. First United Bank & Trust acquired a new stake in shares of Alerian MLP ETF in the 4th quarter worth $35,000. ICA Group Wealth Management LLC acquired a new stake in shares of Alerian MLP ETF in the fourth quarter valued at about $38,000. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Alerian MLP ETF in the fourth quarter valued at about $39,000. Friedenthal Financial acquired a new stake in shares of Alerian MLP ETF in the fourth quarter valued at about $54,000. Finally, Eagle Bay Advisors LLC acquired a new stake in shares of Alerian MLP ETF in the fourth quarter valued at about $56,000.
Alerian MLP ETF Stock Up 0.4 %
Shares of NYSEARCA AMLP opened at $47.91 on Friday. Alerian MLP ETF has a 52 week low of $38.81 and a 52 week high of $48.48. The firm has a 50-day moving average price of $46.59 and a 200 day moving average price of $45.45. The stock has a market capitalization of $8.62 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48.
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.
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