Alerian MLP ETF (NYSEARCA:AMLP) Shares Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC raised its position in Alerian MLP ETF (NYSEARCA:AMLP) by 14.9% in the 2nd quarter, Holdings Channel reports. The fund owned 324,747 shares of the exchange traded fund’s stock after purchasing an additional 42,149 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Alerian MLP ETF were worth $15,581,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Burke & Herbert Bank & Trust Co. purchased a new position in shares of Alerian MLP ETF during the 2nd quarter valued at approximately $700,000. Searcy Financial Services Inc. ADV boosted its stake in shares of Alerian MLP ETF by 0.9% during the 2nd quarter. Searcy Financial Services Inc. ADV now owns 321,083 shares of the exchange traded fund’s stock valued at $15,406,000 after buying an additional 2,978 shares during the last quarter. LVW Advisors LLC boosted its stake in shares of Alerian MLP ETF by 32.4% during the 2nd quarter. LVW Advisors LLC now owns 7,355 shares of the exchange traded fund’s stock valued at $353,000 after buying an additional 1,800 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its stake in shares of Alerian MLP ETF by 22.2% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 14,711 shares of the exchange traded fund’s stock valued at $706,000 after buying an additional 2,673 shares during the last quarter. Finally, Vigilare Wealth Management lifted its stake in Alerian MLP ETF by 4.1% during the second quarter. Vigilare Wealth Management now owns 17,804 shares of the exchange traded fund’s stock worth $854,000 after purchasing an additional 704 shares during the last quarter.

Alerian MLP ETF Price Performance

AMLP traded up $0.30 during trading hours on Wednesday, hitting $44.96. 270,797 shares of the stock were exchanged, compared to its average volume of 1,286,485. The stock has a 50-day simple moving average of $47.38 and a 200-day simple moving average of $46.62. Alerian MLP ETF has a 12 month low of $40.03 and a 12 month high of $49.44. The stock has a market cap of $8.09 billion, a price-to-earnings 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.