Commonwealth Equity Services LLC Purchases 21,489 Shares of Alerian MLP ETF $AMLP

Commonwealth Equity Services LLC lifted its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 3.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 697,860 shares of the exchange traded fund’s stock after buying an additional 21,489 shares during the quarter. Commonwealth Equity Services LLC owned about 0.32% of Alerian MLP ETF worth $32,751,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Nova Wealth Management Inc. bought a new stake in Alerian MLP ETF during the second quarter valued at $28,000. Mid American Wealth Advisory Group Inc. acquired a new position in shares of Alerian MLP ETF in the 2nd quarter valued at about $29,000. Manchester Capital Management LLC bought a new stake in shares of Alerian MLP ETF during the 2nd quarter valued at about $29,000. GAMMA Investing LLC boosted its position in shares of Alerian MLP ETF by 213.9% during the 3rd quarter. GAMMA Investing LLC now owns 653 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 445 shares in the last quarter. Finally, Crews Bank & Trust acquired a new stake in Alerian MLP ETF during the second quarter worth approximately $39,000.

Alerian MLP ETF Stock Performance

Shares of AMLP stock opened at $47.00 on Thursday. Alerian MLP ETF has a fifty-two week low of $43.75 and a fifty-two week high of $53.24. The stock has a 50 day simple moving average of $47.11 and a two-hundred day simple moving average of $47.63. The company has a market cap of $10.53 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).