Lake Hills Wealth Management LLC Buys 7,341 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

Lake Hills Wealth Management LLC increased its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 4.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 160,882 shares of the exchange traded fund’s stock after acquiring an additional 7,341 shares during the period. Alerian MLP ETF comprises approximately 5.3% of Lake Hills Wealth Management LLC’s investment portfolio, making the stock its 2nd largest holding. Lake Hills Wealth Management LLC owned 0.09% of Alerian MLP ETF worth $7,748,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Cypress Wealth Services LLC grew its holdings in Alerian MLP ETF by 3.7% during the third quarter. Cypress Wealth Services LLC now owns 6,021 shares of the exchange traded fund’s stock worth $284,000 after purchasing an additional 217 shares during the period. Retirement Planning Group LLC boosted its stake in shares of Alerian MLP ETF by 2.9% during the 3rd quarter. Retirement Planning Group LLC now owns 7,830 shares of the exchange traded fund’s stock worth $369,000 after acquiring an additional 218 shares during the period. Opal Wealth Advisors LLC increased its holdings in shares of Alerian MLP ETF by 2.7% during the 3rd quarter. Opal Wealth Advisors LLC now owns 9,167 shares of the exchange traded fund’s stock worth $432,000 after acquiring an additional 242 shares during the last quarter. Mach 1 Financial Group LLC raised its stake in Alerian MLP ETF by 2.4% in the 3rd quarter. Mach 1 Financial Group LLC now owns 10,487 shares of the exchange traded fund’s stock valued at $494,000 after acquiring an additional 244 shares during the period. Finally, Avidian Wealth Enterprises LLC lifted its holdings in Alerian MLP ETF by 1.7% during the 3rd quarter. Avidian Wealth Enterprises LLC now owns 16,219 shares of the exchange traded fund’s stock valued at $764,000 after purchasing an additional 265 shares during the last quarter.

Alerian MLP ETF Price Performance

NYSEARCA:AMLP opened at $51.95 on Thursday. The company has a market cap of $9.34 billion, a P/E ratio of 13.08 and a beta of 0.48. The firm’s fifty day moving average price is $49.27 and its two-hundred day moving average price is $47.96. Alerian MLP ETF has a one year low of $43.02 and a one year high of $52.82.

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.