Ellenbecker Investment Group Raises Stock Holdings in Alerian MLP ETF (NYSEARCA:AMLP)
Ellenbecker Investment Group increased its position in Alerian MLP ETF (NYSEARCA:AMLP) by 7.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 164,064 shares of the exchange traded fund’s stock after purchasing an additional 11,363 shares during the period. Alerian MLP ETF makes up 0.8% of Ellenbecker Investment Group’s holdings, making the stock its 17th biggest holding. Ellenbecker Investment Group’s holdings in Alerian MLP ETF were worth $1,500,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Lindbrook Capital LLC bought a new stake in Alerian MLP ETF in the second quarter valued at $29,000. TCG Advisors LP bought a new stake in Alerian MLP ETF in the first quarter valued at $49,000. Phocas Financial Corp. bought a new stake in Alerian MLP ETF in the second quarter valued at $49,000. Citizens Financial Group Inc RI bought a new stake in Alerian MLP ETF in the second quarter valued at $65,000. Finally, Wealthcare Advisory Partners LLC boosted its holdings in Alerian MLP ETF by 18.7% in the second quarter. Wealthcare Advisory Partners LLC now owns 6,758 shares of the exchange traded fund’s stock valued at $67,000 after acquiring an additional 1,065 shares in the last quarter.
NYSEARCA:AMLP traded down $0.08 during trading hours on Wednesday, hitting $8.76. The company had a trading volume of 9,538,035 shares, compared to its average volume of 15,744,414. The stock has a 50-day moving average price of $9.14 and a 200 day moving average price of $9.66. Alerian MLP ETF has a 52 week low of $8.27 and a 52 week high of $10.93.
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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