Alerian MLP ETF (NYSEARCA:AMLP) is Summit Financial Wealth Advisors LLC’s 9th Largest Position

Summit Financial Wealth Advisors LLC increased its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 0.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 305,127 shares of the exchange traded fund’s stock after purchasing an additional 1,635 shares during the period. Alerian MLP ETF makes up 2.7% of Summit Financial Wealth Advisors LLC’s investment portfolio, making the stock its 9th largest holding. Summit Financial Wealth Advisors LLC owned 0.17% of Alerian MLP ETF worth $14,381,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AMLP. LPL Financial LLC lifted its stake in shares of Alerian MLP ETF by 13.0% in the 3rd quarter. LPL Financial LLC now owns 2,399,962 shares of the exchange traded fund’s stock worth $113,110,000 after purchasing an additional 275,254 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of Alerian MLP ETF by 15.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,007,435 shares of the exchange traded fund’s stock worth $96,317,000 after acquiring an additional 272,696 shares during the last quarter. Allen Investment Management LLC boosted its stake in shares of 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. Raymond James & Associates grew its position in shares of Alerian MLP ETF by 2.4% during the 3rd quarter. Raymond James & Associates now owns 1,061,519 shares of the exchange traded fund’s stock valued at $50,029,000 after acquiring an additional 24,674 shares during the period. Finally, Stephens Inc. AR increased its stake in shares of Alerian MLP ETF by 2.8% in the 3rd quarter. Stephens Inc. AR now owns 984,226 shares of the exchange traded fund’s stock worth $46,387,000 after purchasing an additional 26,882 shares in the last quarter.

Alerian MLP ETF Stock Performance

NYSEARCA AMLP opened at $49.16 on Tuesday. The business’s fifty day moving average is $47.48 and its 200 day moving average is $47.13. Alerian MLP ETF has a fifty-two week low of $41.06 and a fifty-two week high of $49.90. The company has a market capitalization of $8.84 billion, a PE ratio of 13.08 and a beta of 0.48.

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.