Wealthspire Advisors LLC Buys 288 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

Wealthspire Advisors LLC increased its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 0.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 88,228 shares of the exchange traded fund’s stock after buying an additional 288 shares during the period. Wealthspire Advisors LLC’s holdings in Alerian MLP ETF were worth $4,233,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in AMLP. Russell Investments Group Ltd. purchased a new stake in shares of Alerian MLP ETF during the first quarter worth $27,000. Asset Dedication LLC raised its holdings in shares of Alerian MLP ETF by 1,244.0% in the 2nd quarter. Asset Dedication LLC now owns 672 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 622 shares in the last quarter. ICA Group Wealth Management LLC bought a new stake in shares of Alerian MLP ETF during the 4th quarter valued at about $38,000. Strategic Financial Concepts LLC bought a new stake in Alerian MLP ETF during the second quarter valued at approximately $49,000. Finally, Ridgewood Investments LLC purchased a new position in Alerian MLP ETF in the second quarter worth $52,000.

Alerian MLP ETF Trading Up 0.9 %

Shares of Alerian MLP ETF stock opened at $47.40 on Friday. The firm has a market capitalization of $8.53 billion, a PE ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a 12 month low of $40.03 and a 12 month high of $49.44. The business’s 50-day moving average price is $47.22 and its 200-day moving average price is $46.94.

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.