Avidian Wealth Enterprises LLC Buys 265 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

Avidian Wealth Enterprises LLC boosted its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 1.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,219 shares of the exchange traded fund’s stock after acquiring an additional 265 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in Alerian MLP ETF were worth $764,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of AMLP. 1832 Asset Management L.P. raised its holdings in Alerian MLP ETF by 58.2% during the 1st quarter. 1832 Asset Management L.P. now owns 1,912,850 shares of the exchange traded fund’s stock worth $90,784,000 after buying an additional 703,620 shares during the period. Cetera Investment Advisers grew its stake in shares of Alerian MLP ETF by 470.3% in the first quarter. Cetera Investment Advisers now owns 442,029 shares of the exchange traded fund’s stock valued at $20,979,000 after buying an additional 364,516 shares in the last quarter. Blair William & Co. IL grew its stake in shares of Alerian MLP ETF by 260.0% in the second quarter. Blair William & Co. IL now owns 484,890 shares of the exchange traded fund’s stock valued at $23,265,000 after buying an additional 350,196 shares in the last quarter. School Employees Retirement Board of Ohio bought a new position in Alerian MLP ETF during the third quarter worth $14,643,000. Finally, Envestnet Asset Management Inc. boosted its position in Alerian MLP ETF by 15.7% during the second quarter. Envestnet Asset Management Inc. now owns 2,007,435 shares of the exchange traded fund’s stock worth $96,317,000 after purchasing an additional 272,696 shares during the period.

Alerian MLP ETF Price Performance

AMLP stock opened at $48.42 on Thursday. Alerian MLP ETF has a one year low of $41.06 and a one year high of $49.44. The stock has a market cap of $8.71 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. The company has a fifty day moving average price of $47.07 and a two-hundred day moving average price of $47.03.

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.