Wealth Alliance LLC Increases Holdings in Alerian MLP ETF $AMLP

Wealth Alliance LLC boosted its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 6.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 292,167 shares of the exchange traded fund’s stock after purchasing an additional 17,202 shares during the period. Alerian MLP ETF comprises about 1.5% of Wealth Alliance LLC’s investment portfolio, making the stock its 9th biggest position. Wealth Alliance LLC owned approximately 0.13% of Alerian MLP ETF worth $15,380,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. Evexia Wealth LLC raised its stake in Alerian MLP ETF by 76.6% during the 4th quarter. Evexia Wealth LLC now owns 34,676 shares of the exchange traded fund’s stock valued at $1,703,000 after purchasing an additional 15,039 shares during the period. Sanctuary Advisors LLC boosted its stake in Alerian MLP ETF by 20.3% in the 4th quarter. Sanctuary Advisors LLC now owns 184,231 shares of the exchange traded fund’s stock worth $8,663,000 after purchasing an additional 31,089 shares during the period. Spirepoint Private Client LLC boosted its stake in Alerian MLP ETF by 14.5% in the 4th quarter. Spirepoint Private Client LLC now owns 373,406 shares of the exchange traded fund’s stock worth $17,558,000 after purchasing an additional 47,217 shares during the period. Searcy Financial Services Inc. ADV boosted its stake in Alerian MLP ETF by 6.6% in the 4th quarter. Searcy Financial Services Inc. ADV now owns 375,719 shares of the exchange traded fund’s stock worth $17,666,000 after purchasing an additional 23,317 shares during the period. Finally, Dakota Wealth Management purchased a new stake in Alerian MLP ETF during the 4th quarter valued at approximately $1,359,000.

Alerian MLP ETF Price Performance

Alerian MLP ETF stock opened at $54.99 on Friday. The stock has a market cap of $12.93 billion, a P/E ratio of 14.17 and a beta of 0.50. Alerian MLP ETF has a 1 year low of $44.64 and a 1 year high of $55.62. The firm’s 50 day moving average price is $52.74 and its 200-day moving average price is $51.93.

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).