Alpha Cubed Investments LLC Buys New Shares in Alerian MLP ETF (NYSEARCA:AMLP)

Alpha Cubed Investments LLC purchased a new position in shares of Alerian MLP ETF (NYSEARCA:AMLP) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,317 shares of the exchange traded fund’s stock, valued at approximately $203,000.

Other large investors also recently bought and sold shares of the company. Aurora Private Wealth Inc. grew its position in shares of Alerian MLP ETF by 0.7% during the second quarter. Aurora Private Wealth Inc. now owns 29,265 shares of the exchange traded fund’s stock worth $1,404,000 after buying an additional 208 shares in the last quarter. RDA Financial Network increased its position in shares of Alerian MLP ETF by 4.6% in the 2nd quarter. RDA Financial Network now owns 5,677 shares of the exchange traded fund’s stock valued at $272,000 after purchasing an additional 250 shares during the last quarter. Capital Advisors Ltd. LLC raised its holdings in shares of Alerian MLP ETF by 1.4% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 18,337 shares of the exchange traded fund’s stock valued at $880,000 after purchasing an additional 258 shares in the last quarter. Endowment Wealth Management Inc. lifted its position in shares of Alerian MLP ETF by 1.9% during the 2nd quarter. Endowment Wealth Management Inc. now owns 14,459 shares of the exchange traded fund’s stock worth $694,000 after purchasing an additional 268 shares during the last quarter. Finally, Wealthspire Advisors LLC grew its stake in shares of Alerian MLP ETF by 0.3% during the second quarter. Wealthspire Advisors LLC now owns 88,228 shares of the exchange traded fund’s stock worth $4,233,000 after purchasing an additional 288 shares in the last quarter.

Alerian MLP ETF Price Performance

NYSEARCA:AMLP opened at $47.09 on Wednesday. The firm has a market capitalization of $8.47 billion, a PE ratio of 13.08 and a beta of 0.48. The business’s fifty day moving average price is $46.83 and its 200 day moving average price is $47.03. Alerian MLP ETF has a 12 month low of $41.06 and a 12 month high of $49.44.

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.