Fortis Group Advisors LLC Has $5.40 Million Stock Holdings in Alerian MLP ETF (NYSEARCA:AMLP)

Fortis Group Advisors LLC increased its position in Alerian MLP ETF (NYSEARCA:AMLP) by 5.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 114,638 shares of the exchange traded fund’s stock after purchasing an additional 5,468 shares during the quarter. Fortis Group Advisors LLC’s holdings in Alerian MLP ETF were worth $5,403,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. LPL Financial LLC raised its stake in shares of Alerian MLP ETF by 8.9% during the second quarter. LPL Financial LLC now owns 2,124,708 shares of the exchange traded fund’s stock worth $101,943,000 after buying an additional 173,805 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in Alerian MLP ETF by 15.7% in the second quarter. Envestnet Asset Management Inc. now owns 2,007,435 shares of the exchange traded fund’s stock valued at $96,317,000 after purchasing an additional 272,696 shares during the last quarter. 1832 Asset Management L.P. boosted its holdings in Alerian MLP ETF by 58.2% during the first quarter. 1832 Asset Management L.P. now owns 1,912,850 shares of the exchange traded fund’s stock worth $90,784,000 after buying an additional 703,620 shares during the last quarter. Allen Investment Management LLC boosted its stake in Alerian MLP ETF by 16.8% during the 2nd quarter. Allen Investment Management LLC now owns 1,315,442 shares of the exchange traded fund’s stock worth $63,115,000 after acquiring an additional 188,980 shares during the last quarter. Finally, Raymond James & Associates grew its holdings in Alerian MLP ETF by 2.4% during the third quarter. Raymond James & Associates now owns 1,061,519 shares of the exchange traded fund’s stock valued at $50,029,000 after purchasing an additional 24,674 shares during the period.

Alerian MLP ETF Price Performance

AMLP remained flat at $46.68 during mid-day trading on Tuesday. 142,407 shares of the company’s stock traded hands, compared to its average volume of 1,293,822. The business’s fifty day simple moving average is $46.93 and its two-hundred day simple moving average is $47.03. The firm has a market cap of $8.40 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a 12 month low of $41.06 and a 12 month high of $49.44.

About Alerian MLP ETF

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.