Kovack Advisors Inc. Buys 384 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

Kovack Advisors Inc. raised its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 4.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,682 shares of the exchange traded fund’s stock after purchasing an additional 384 shares during the quarter. Kovack Advisors Inc.’s holdings in Alerian MLP ETF were worth $460,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. First United Bank & Trust bought a new stake in shares of Alerian MLP ETF during the 4th quarter worth $35,000. ICA Group Wealth Management LLC bought a new stake in Alerian MLP ETF during the fourth quarter worth about $38,000. McGlone Suttner Wealth Management Inc. bought a new stake in Alerian MLP ETF during the fourth quarter worth about $39,000. Friedenthal Financial purchased a new position in shares of Alerian MLP ETF in the 4th quarter worth about $54,000. Finally, Eagle Bay Advisors LLC bought a new position in shares of Alerian MLP ETF during the 4th quarter valued at about $56,000.

Alerian MLP ETF Stock Performance

NYSEARCA:AMLP traded up $0.32 during mid-day trading on Thursday, reaching $48.57. The stock had a trading volume of 705,134 shares, compared to its average volume of 1,240,856. The stock has a market capitalization of $8.74 billion, a P/E ratio of 13.08 and a beta of 0.48. The firm has a 50 day moving average price of $46.66 and a two-hundred day moving average price of $45.61. Alerian MLP ETF has a one year low of $38.88 and a one year high of $48.76.

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.