Alerian MLP ETF $AMLP Shares Purchased by Avidian Wealth Enterprises LLC

Avidian Wealth Enterprises LLC boosted its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 51.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,502 shares of the exchange traded fund’s stock after purchasing an additional 12,754 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in Alerian MLP ETF were worth $1,760,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in AMLP. Level Four Advisory Services LLC raised its holdings in Alerian MLP ETF by 1.0% during the second quarter. Level Four Advisory Services LLC now owns 20,536 shares of the exchange traded fund’s stock worth $1,003,000 after purchasing an additional 210 shares in the last quarter. Opal Wealth Advisors LLC boosted its stake in Alerian MLP ETF by 2.7% during the 3rd quarter. Opal Wealth Advisors LLC now owns 8,467 shares of the exchange traded fund’s stock valued at $397,000 after purchasing an additional 221 shares in the last quarter. Ergawealth Advisors Inc. increased its position in shares of Alerian MLP ETF by 3.1% during the 2nd quarter. Ergawealth Advisors Inc. now owns 8,437 shares of the exchange traded fund’s stock valued at $412,000 after purchasing an additional 250 shares during the period. MBA Advisors LLC increased its position in shares of Alerian MLP ETF by 1.1% during the 2nd quarter. MBA Advisors LLC now owns 23,787 shares of the exchange traded fund’s stock valued at $1,162,000 after purchasing an additional 254 shares during the period. Finally, Fountainhead AM LLC raised its stake in shares of Alerian MLP ETF by 4.5% in the 2nd quarter. Fountainhead AM LLC now owns 6,057 shares of the exchange traded fund’s stock worth $296,000 after buying an additional 259 shares in the last quarter.

Alerian MLP ETF Stock Up 0.1%

NYSEARCA:AMLP opened at $49.04 on Thursday. The business’s 50-day moving average price is $47.49 and its 200 day moving average price is $47.63. Alerian MLP ETF has a 52-week low of $43.75 and a 52-week high of $53.24. The firm has a market cap of $11.00 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).