Summit Financial Wealth Advisors LLC boosted its position in shares of Alerian MLP ETF (NYSEARCA:AMLP – Free Report) by 0.5% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 288,344 shares of the exchange traded fund’s stock after acquiring an additional 1,553 shares during the quarter. Alerian MLP ETF comprises about 2.6% of Summit Financial Wealth Advisors LLC’s portfolio, making the stock its 10th largest position. Summit Financial Wealth Advisors LLC’s holdings in Alerian MLP ETF were worth $11,306,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC lifted its holdings in shares of Alerian MLP ETF by 270,500.9% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 16,135,934 shares of the exchange traded fund’s stock valued at $614,295,000 after buying an additional 16,129,971 shares during the period. Cowa LLC lifted its holdings in shares of Alerian MLP ETF by 10,043.4% in the 1st quarter. Cowa LLC now owns 5,232,801 shares of the exchange traded fund’s stock valued at $2,004,000 after buying an additional 5,181,213 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Alerian MLP ETF by 54.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 14,607,500 shares of the exchange traded fund’s stock valued at $559,467,000 after buying an additional 5,174,427 shares during the period. Mirabella Financial Services LLP acquired a new position in shares of Alerian MLP ETF in the 1st quarter valued at about $14,860,000. Finally, Rockefeller Capital Management L.P. lifted its holdings in shares of Alerian MLP ETF by 136.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 581,578 shares of the exchange traded fund’s stock valued at $22,139,000 after buying an additional 335,665 shares during the period.
Alerian MLP ETF Stock Up 0.3 %
Shares of AMLP stock traded up $0.14 on Tuesday, hitting $42.04. The company had a trading volume of 206,812 shares, compared to its average volume of 1,278,532. The firm has a market cap of $6.88 billion, a P/E ratio of 13.30 and a beta of 1.42. The company has a 50-day moving average price of $40.99 and a 200-day moving average price of $39.48. Alerian MLP ETF has a twelve month low of $34.69 and a twelve month high of $42.47.
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.
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