WMG Financial Advisors LLC Has $2.16 Million Stake in Alerian MLP ETF $AMLP

WMG Financial Advisors LLC increased its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 55.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 46,021 shares of the exchange traded fund’s stock after acquiring an additional 16,495 shares during the quarter. Alerian MLP ETF comprises 0.7% of WMG Financial Advisors LLC’s portfolio, making the stock its 28th biggest holding. WMG Financial Advisors LLC’s holdings in Alerian MLP ETF were worth $2,160,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Nova Wealth Management Inc. bought a new position in Alerian MLP ETF during the second quarter worth $28,000. Mid American Wealth Advisory Group Inc. acquired a new stake in shares of Alerian MLP ETF during the 2nd quarter worth about $29,000. Manchester Capital Management LLC bought a new stake in shares of Alerian MLP ETF during the 2nd quarter worth about $29,000. GAMMA Investing LLC grew its stake in Alerian MLP ETF by 213.9% in the 3rd quarter. GAMMA Investing LLC now owns 653 shares of the exchange traded fund’s stock valued at $31,000 after buying an additional 445 shares during the last quarter. Finally, Crews Bank & Trust acquired a new position in Alerian MLP ETF in the 2nd quarter valued at about $39,000.

Alerian MLP ETF Stock Down 1.6%

Alerian MLP ETF stock opened at $46.72 on Wednesday. The company’s 50-day moving average price is $47.11 and its two-hundred day moving average price is $47.63. The stock has a market cap of $10.46 billion, a P/E ratio of 14.17 and a beta of 0.70. Alerian MLP ETF has a twelve month low of $43.75 and a twelve month high of $53.24.

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. The Index is comprised of 25 energy infrastructure MLPs. The fund will invest at least 90% of its total assets in securities, which comprise the Index (or depositary receipts based on such securities).