Kercheville Advisors LLC Has $510,000 Stock Position in Alerian MLP ETF (NYSEARCA:AMLP)

Kercheville Advisors LLC raised its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 8.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,825 shares of the exchange traded fund’s stock after purchasing an additional 825 shares during the quarter. Kercheville Advisors LLC’s holdings in Alerian MLP ETF were worth $510,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. SteelPeak Wealth LLC acquired a new stake in shares of Alerian MLP ETF during the 1st quarter worth approximately $241,000. LVW Advisors LLC bought a new position in Alerian MLP ETF during the 1st quarter worth $264,000. Capital Advisors Ltd. LLC lifted its stake in shares of Alerian MLP ETF by 8.7% in the first quarter. Capital Advisors Ltd. LLC now owns 18,079 shares of the exchange traded fund’s stock worth $858,000 after acquiring an additional 1,454 shares during the period. Naviter Wealth LLC boosted its stake in shares of Alerian MLP ETF by 7.8% in the 1st quarter. Naviter Wealth LLC now owns 599,907 shares of the exchange traded fund’s stock valued at $28,472,000 after purchasing an additional 43,621 shares during the last quarter. Finally, Lake Street Private Wealth LLC boosted its position in Alerian MLP ETF by 2.1% during the first quarter. Lake Street Private Wealth LLC now owns 51,065 shares of the exchange traded fund’s stock valued at $2,424,000 after acquiring an additional 1,036 shares during the last quarter.

Alerian MLP ETF Price Performance

NYSEARCA AMLP opened at $46.85 on Monday. The stock has a market capitalization of $8.43 billion, a P/E ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a one year low of $41.06 and a one year high of $49.44. The business has a 50 day simple moving average of $47.06 and a 200 day simple moving average of $47.00.

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.