10,651 Shares of Alerian MLP ETF $AMLP Bought by Partners Wealth Management LLC

Partners Wealth Management LLC purchased a new stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 10,651 shares of the exchange traded fund’s stock, valued at approximately $552,000.

Several other institutional investors also recently bought and sold shares of the business. Allen Investment Management LLC grew its stake in shares of Alerian MLP ETF by 6.8% in the first quarter. Allen Investment Management LLC now owns 4,005,535 shares of the exchange traded fund’s stock valued at $210,851,000 after buying an additional 254,444 shares in the last quarter. Royal Bank of Canada boosted its stake in Alerian MLP ETF by 6.8% during the 1st quarter. Royal Bank of Canada now owns 2,414,295 shares of the exchange traded fund’s stock valued at $127,088,000 after acquiring an additional 154,146 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in Alerian MLP ETF by 6.4% in the second quarter. Envestnet Asset Management Inc. now owns 965,702 shares of the exchange traded fund’s stock worth $50,072,000 after purchasing an additional 57,663 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Alerian MLP ETF by 6.8% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 882,651 shares of the exchange traded fund’s stock valued at $46,463,000 after acquiring an additional 56,516 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its position in shares of Alerian MLP ETF by 12.6% in the 2nd quarter. NewEdge Advisors LLC now owns 627,920 shares of the exchange traded fund’s stock worth $32,558,000 after buying an additional 70,402 shares during the last quarter.

Alerian MLP ETF Price Performance

NYSEARCA:AMLP opened at $54.06 on Friday. The business has a 50 day simple moving average of $53.90 and a 200 day simple moving average of $52.84. The firm has a market capitalization of $13.04 billion, a P/E ratio of 14.17 and a beta of 0.54. Alerian MLP ETF has a 12-month low of $46.04 and a 12-month high of $56.43.

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. 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).