Main Street Financial Solutions LLC Has $2.06 Million Holdings in Alerian MLP ETF (NYSEARCA:AMLP)

Main Street Financial Solutions LLC lifted its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 6.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,797 shares of the exchange traded fund’s stock after purchasing an additional 2,477 shares during the quarter. Main Street Financial Solutions LLC’s holdings in Alerian MLP ETF were worth $2,064,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of AMLP. Russell Investments Group Ltd. bought a new stake in shares of Alerian MLP ETF during the first quarter worth about $27,000. Ashton Thomas Securities LLC bought a new position in Alerian MLP ETF during the third quarter worth about $28,000. Asset Dedication LLC increased its stake in shares of Alerian MLP ETF by 1,244.0% in the second quarter. Asset Dedication LLC now owns 672 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 622 shares in the last quarter. Massmutual Trust Co. FSB ADV bought a new stake in shares of Alerian MLP ETF in the third quarter valued at approximately $40,000. Finally, ORG Wealth Partners LLC bought a new stake in shares of Alerian MLP ETF in the third quarter valued at approximately $41,000.

Alerian MLP ETF Stock Down 1.5 %

AMLP traded down $0.73 on Wednesday, hitting $47.12. The company’s stock had a trading volume of 320,254 shares, compared to its average volume of 1,310,382. Alerian MLP ETF has a 12 month low of $41.06 and a 12 month high of $49.44. The firm has a market cap of $8.48 billion, a P/E ratio of 13.08 and a beta of 0.48. The company’s 50 day simple moving average is $47.19 and its 200-day simple moving average is $47.06.

Alerian MLP ETF Company 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.