Cetera Investment Advisers Boosts Stake in Alerian MLP ETF $AMLP

Cetera Investment Advisers grew its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 6.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 525,634 shares of the exchange traded fund’s stock after acquiring an additional 33,607 shares during the quarter. Cetera Investment Advisers owned about 0.23% of Alerian MLP ETF worth $27,669,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Global Trust Asset Management LLC lifted its stake in shares of Alerian MLP ETF by 600.0% in the 1st quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock valued at $37,000 after purchasing an additional 600 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new stake in Alerian MLP ETF during the 4th quarter worth approximately $43,000. Whittier Trust Co. of Nevada Inc. increased its position in Alerian MLP ETF by 800.0% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,125 shares of the exchange traded fund’s stock worth $53,000 after purchasing an additional 1,000 shares in the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in Alerian MLP ETF during the 4th quarter worth approximately $57,000. Finally, Palladiem LLC purchased a new position in Alerian MLP ETF in the fourth quarter valued at approximately $60,000.

Alerian MLP ETF Price Performance

Shares of AMLP stock opened at $54.99 on Monday. The stock has a market cap of $12.92 billion, a price-to-earnings ratio of 14.17 and a beta of 0.50. Alerian MLP ETF has a fifty-two week low of $44.64 and a fifty-two week high of $55.62. The firm’s 50 day moving average price is $52.74 and its two-hundred day moving average price is $51.96.

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. 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).