Financial Advocates Investment Management Acquires 3,441 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

Financial Advocates Investment Management increased its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 6.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 59,325 shares of the exchange traded fund’s stock after buying an additional 3,441 shares during the quarter. Financial Advocates Investment Management’s holdings in Alerian MLP ETF were worth $2,857,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Park Avenue Securities LLC boosted its holdings in shares of Alerian MLP ETF by 38.8% in the 4th quarter. Park Avenue Securities LLC now owns 32,525 shares of the exchange traded fund’s stock valued at $1,566,000 after buying an additional 9,088 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in Alerian MLP ETF by 532.8% during the third quarter. Farther Finance Advisors LLC now owns 19,668 shares of the exchange traded fund’s stock worth $927,000 after purchasing an additional 16,560 shares during the period. Advisors Asset Management Inc. acquired a new position in Alerian MLP ETF during the third quarter worth approximately $65,000. Armstrong Advisory Group Inc. lifted its position in shares of Alerian MLP ETF by 17.2% in the third quarter. Armstrong Advisory Group Inc. now owns 7,752 shares of the exchange traded fund’s stock valued at $365,000 after buying an additional 1,138 shares during the last quarter. Finally, Violich Capital Management Inc. boosted its stake in shares of Alerian MLP ETF by 1.7% during the 3rd quarter. Violich Capital Management Inc. now owns 225,290 shares of the exchange traded fund’s stock worth $10,618,000 after acquiring an additional 3,870 shares during the period.

Alerian MLP ETF Trading Up 0.7 %

AMLP opened at $53.06 on Thursday. The stock’s fifty day simple moving average is $49.92 and its 200 day simple moving average is $48.20. Alerian MLP ETF has a 1-year low of $43.02 and a 1-year high of $53.08. The stock has a market cap of $9.54 billion, a PE ratio of 13.08 and a beta of 0.48.

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.