Fortis Advisors LLC Boosts Stake in Alerian MLP ETF (NYSEARCA:AMLP)

Fortis Advisors LLC raised its position in Alerian MLP ETF (NYSEARCA:AMLP) by 2.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,552 shares of the exchange traded fund’s stock after purchasing an additional 708 shares during the quarter. Alerian MLP ETF accounts for approximately 1.2% of Fortis Advisors LLC’s holdings, making the stock its 24th biggest holding. Fortis Advisors LLC’s holdings in Alerian MLP ETF were worth $1,760,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AMLP. Hilton Capital Management LLC bought a new position in shares of Alerian MLP ETF during the third quarter valued at approximately $31,562,000. EP Wealth Advisors LLC boosted its stake in shares of Alerian MLP ETF by 10,423.5% during the third quarter. EP Wealth Advisors LLC now owns 511,442 shares of the exchange traded fund’s stock valued at $24,104,000 after purchasing an additional 506,582 shares in the last quarter. Blair William & Co. IL boosted its stake in shares of Alerian MLP ETF by 260.0% during the second quarter. Blair William & Co. IL now owns 484,890 shares of the exchange traded fund’s stock valued at $23,265,000 after purchasing an additional 350,196 shares in the last quarter. School Employees Retirement Board of Ohio purchased a new position in shares of Alerian MLP ETF in the third quarter worth $14,643,000. Finally, LPL Financial LLC raised its holdings in shares of Alerian MLP ETF by 13.0% in the third quarter. LPL Financial LLC now owns 2,399,962 shares of the exchange traded fund’s stock worth $113,110,000 after buying an additional 275,254 shares during the last quarter.

Alerian MLP ETF Trading Up 0.8 %

NYSEARCA AMLP opened at $49.59 on Tuesday. The company has a fifty day simple moving average of $48.77 and a two-hundred day simple moving average of $47.80. The stock has a market cap of $8.92 billion, a P/E ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a 12-month low of $42.25 and a 12-month high of $51.47.

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.