C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Invests $914,000 in Alerian MLP ETF $AMLP

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in Alerian MLP ETF (NYSEARCA:AMLP) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,481 shares of the exchange traded fund’s stock, valued at approximately $914,000.

A number of other large investors have 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 worth about $28,000. Mid American Wealth Advisory Group Inc. bought a new position in shares of Alerian MLP ETF during the second quarter worth about $29,000. Manchester Capital Management LLC acquired a new position in Alerian MLP ETF in the second quarter worth about $29,000. GAMMA Investing LLC increased its holdings in Alerian MLP ETF by 213.9% in the third quarter. GAMMA Investing LLC now owns 653 shares of the exchange traded fund’s stock valued at $31,000 after buying an additional 445 shares during the last quarter. Finally, Crews Bank & Trust bought a new stake in Alerian MLP ETF in the second quarter valued at about $39,000.

Alerian MLP ETF Stock Up 0.9%

Shares of NYSEARCA AMLP opened at $47.43 on Friday. The stock’s 50 day moving average price is $47.10 and its two-hundred day moving average price is $47.66. Alerian MLP ETF has a 52-week low of $43.75 and a 52-week high of $53.24. The stock has a market capitalization of $10.41 billion, a P/E 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. 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).