NewEdge Wealth LLC Acquires New Stake in Alerian MLP ETF (NYSEARCA:AMLP)

NewEdge Wealth LLC bought a new position in shares of Alerian MLP ETF (NYSEARCA:AMLP) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 10,902 shares of the exchange traded fund’s stock, valued at approximately $464,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AMLP. Sanctuary Wealth Management L.L.C. purchased a new position in Alerian MLP ETF in the 4th quarter valued at approximately $29,000. Provence Wealth Management Group acquired a new position in Alerian MLP ETF during the 3rd quarter worth $31,000. Tower Research Capital LLC TRC increased its holdings in Alerian MLP ETF by 8,000.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 810 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 800 shares during the period. ICA Group Wealth Management LLC purchased a new stake in Alerian MLP ETF during the 4th quarter worth about $34,000. Finally, Ancora Advisors LLC raised its position in Alerian MLP ETF by 114.3% in the 1st quarter. Ancora Advisors LLC now owns 1,200 shares of the exchange traded fund’s stock valued at $37,000 after purchasing an additional 640 shares in the last quarter.

Alerian MLP ETF Stock Performance

Shares of Alerian MLP ETF stock opened at $45.96 on Thursday. The business has a 50-day simple moving average of $46.25 and a 200-day simple moving average of $43.96. Alerian MLP ETF has a one year low of $37.06 and a one year high of $48.48. The company has a market cap of $8.18 billion, a PE ratio of 12.87 and a beta of 0.51.

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.