CreativeOne Wealth LLC Increases Stake in Alerian MLP ETF $AMLP

CreativeOne Wealth LLC lifted its position in Alerian MLP ETF (NYSEARCA:AMLP) by 89.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,402 shares of the exchange traded fund’s stock after acquiring an additional 4,446 shares during the quarter. CreativeOne Wealth LLC’s holdings in Alerian MLP ETF were worth $459,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AMLP. Nova Wealth Management Inc. bought a new stake in shares of Alerian MLP ETF in the 2nd quarter valued at about $28,000. Headlands Technologies LLC purchased a new position in Alerian MLP ETF during the first quarter valued at approximately $31,000. Mid American Wealth Advisory Group Inc. bought a new position in Alerian MLP ETF in the second quarter worth approximately $29,000. Crews Bank & Trust bought a new position in Alerian MLP ETF in the second quarter worth approximately $39,000. Finally, Independence Bank of Kentucky lifted its holdings in Alerian MLP ETF by 517.5% during the second quarter. Independence Bank of Kentucky now owns 988 shares of the exchange traded fund’s stock worth $48,000 after buying an additional 828 shares during the period.

Alerian MLP ETF Trading Up 0.6%

Shares of NYSEARCA AMLP opened at $47.66 on Friday. Alerian MLP ETF has a 12-month low of $43.75 and a 12-month high of $53.24. The stock’s fifty day simple moving average is $46.66 and its two-hundred day simple moving average is $47.89. The stock has a market capitalization of $10.46 billion, a PE ratio of 14.17 and a beta of 0.70.

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.