Benjamin F. Edwards & Company Inc. Grows Position in Alerian MLP ETF (NYSEARCA:AMLP)

Benjamin F. Edwards & Company Inc. raised its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 52.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 14,258 shares of the exchange traded fund’s stock after acquiring an additional 4,886 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Alerian MLP ETF were worth $606,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of AMLP. Commonwealth Equity Services LLC raised its stake in shares of Alerian MLP ETF by 29.7% during the 4th quarter. Commonwealth Equity Services LLC now owns 826,887 shares of the exchange traded fund’s stock valued at $35,159,000 after purchasing an additional 189,104 shares during the period. Essex Financial Services Inc. lifted its holdings in shares of Alerian MLP ETF by 5.3% in the fourth quarter. Essex Financial Services Inc. now owns 56,840 shares of the exchange traded fund’s stock worth $2,417,000 after buying an additional 2,870 shares in the last quarter. Mach 1 Financial Group LLC boosted its position in shares of Alerian MLP ETF by 25.0% in the fourth quarter. Mach 1 Financial Group LLC now owns 10,230 shares of the exchange traded fund’s stock valued at $435,000 after acquiring an additional 2,047 shares during the period. Fernwood Investment Management LLC purchased a new position in Alerian MLP ETF during the fourth quarter valued at approximately $253,000. Finally, Naviter Wealth LLC increased its holdings in Alerian MLP ETF by 19.3% during the 4th quarter. Naviter Wealth LLC now owns 556,286 shares of the exchange traded fund’s stock worth $23,653,000 after acquiring an additional 89,904 shares during the period.

Alerian MLP ETF Price Performance

Shares of NYSEARCA:AMLP opened at $47.90 on Thursday. The firm has a fifty day moving average price of $46.98 and a two-hundred day moving average price of $44.52. The company has a market cap of $8.62 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a one year low of $37.06 and a one year high of $48.48.

About Alerian MLP ETF

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.