Alerian MLP ETF $AMLP Stock Holdings Raised by Summit Financial Wealth Advisors LLC

Summit Financial Wealth Advisors LLC increased its position in Alerian MLP ETF (NYSEARCA:AMLP) by 6.3% in the second quarter, Holdings Channel.com reports. The fund owned 326,648 shares of the exchange traded fund’s stock after acquiring an additional 19,460 shares during the quarter. Alerian MLP ETF makes up about 2.9% of Summit Financial Wealth Advisors LLC’s holdings, making the stock its 8th biggest holding. Summit Financial Wealth Advisors LLC’s holdings in Alerian MLP ETF were worth $15,960,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Kingswood Wealth Advisors LLC grew its position in shares of Alerian MLP ETF by 7.7% during the 2nd quarter. Kingswood Wealth Advisors LLC now owns 38,622 shares of the exchange traded fund’s stock valued at $1,887,000 after purchasing an additional 2,775 shares in the last quarter. Americana Partners LLC boosted its stake in Alerian MLP ETF by 68.8% during the second quarter. Americana Partners LLC now owns 21,758 shares of the exchange traded fund’s stock valued at $1,063,000 after buying an additional 8,871 shares during the period. Parallel Advisors LLC grew its position in Alerian MLP ETF by 8.2% during the second quarter. Parallel Advisors LLC now owns 7,558 shares of the exchange traded fund’s stock worth $369,000 after buying an additional 572 shares in the last quarter. Allworth Financial LP increased its stake in Alerian MLP ETF by 30.1% in the 2nd quarter. Allworth Financial LP now owns 289,212 shares of the exchange traded fund’s stock worth $14,131,000 after acquiring an additional 66,989 shares during the last quarter. Finally, Baker Avenue Asset Management LP purchased a new stake in shares of Alerian MLP ETF in the 2nd quarter valued at about $1,700,000.

Alerian MLP ETF Price Performance

Shares of AMLP opened at $47.41 on Monday. Alerian MLP ETF has a 1-year low of $43.75 and a 1-year high of $53.24. The company has a market capitalization of $10.40 billion, a P/E ratio of 14.17 and a beta of 0.70. The firm’s 50 day simple moving average is $46.78 and its 200 day simple moving average is $47.81.

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.