Fortress Wealth Group LLC lifted its stake in Alerian MLP ETF (NYSEARCA:AMLP – Free Report) by 8.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 12,924 shares of the exchange traded fund’s stock after purchasing an additional 953 shares during the quarter. Fortress Wealth Group LLC’s holdings in Alerian MLP ETF were worth $533,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Cetera Advisor Networks LLC boosted its position in shares of Alerian MLP ETF by 10.0% in the 2nd quarter. Cetera Advisor Networks LLC now owns 125,392 shares of the exchange traded fund’s stock valued at $4,917,000 after purchasing an additional 11,376 shares during the period. AlphaCore Capital LLC purchased a new stake in Alerian MLP ETF in the 2nd quarter worth about $2,444,000. Cetera Investment Advisers lifted its stake in Alerian MLP ETF by 48.0% in the 2nd quarter. Cetera Investment Advisers now owns 70,561 shares of the exchange traded fund’s stock worth $2,767,000 after acquiring an additional 22,894 shares in the last quarter. Providence First Trust Co lifted its stake in Alerian MLP ETF by 1.8% in the 2nd quarter. Providence First Trust Co now owns 25,395 shares of the exchange traded fund’s stock worth $996,000 after acquiring an additional 450 shares in the last quarter. Finally, Spotlight Asset Group Inc. purchased a new stake in Alerian MLP ETF in the 2nd quarter worth about $255,000.
Alerian MLP ETF Price Performance
Alerian MLP ETF stock traded up $0.12 during mid-day trading on Wednesday, hitting $42.31. The company’s stock had a trading volume of 51,324 shares, compared to its average volume of 1,379,599. The firm’s 50 day moving average is $42.02 and its 200 day moving average is $40.52. The company has a market cap of $6.93 billion, a PE ratio of 13.30 and a beta of 1.42. Alerian MLP ETF has a 52-week low of $35.68 and a 52-week high of $43.90.
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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