Kingsview Wealth Management LLC Purchases 19,023 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

Kingsview Wealth Management LLC lifted its position in Alerian MLP ETF (NYSEARCA:AMLP) by 25.4% in the 3rd quarter, Holdings Channel reports. The fund owned 93,803 shares of the exchange traded fund’s stock after acquiring an additional 19,023 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Alerian MLP ETF were worth $4,421,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Russell Investments Group Ltd. bought a new position in shares of Alerian MLP ETF in the 1st quarter worth approximately $27,000. Ashton Thomas Securities LLC bought a new position in shares of Alerian MLP ETF in the 3rd quarter worth approximately $28,000. Asset Dedication LLC raised its position in shares of Alerian MLP ETF by 1,244.0% in the 2nd quarter. Asset Dedication LLC now owns 672 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 622 shares in the last quarter. Massmutual Trust Co. FSB ADV purchased a new stake in shares of Alerian MLP ETF in the 3rd quarter worth approximately $40,000. Finally, ORG Wealth Partners LLC purchased a new stake in shares of Alerian MLP ETF in the 3rd quarter worth approximately $41,000.

Alerian MLP ETF Stock Up 1.0 %

Alerian MLP ETF stock opened at $49.63 on Friday. The company has a market capitalization of $8.93 billion, a P/E ratio of 13.08 and a beta of 0.48. The stock’s 50 day moving average is $47.45 and its 200 day moving average is $47.12. Alerian MLP ETF has a twelve month low of $41.06 and a twelve month high of $49.67.

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.