Alerian MLP ETF $AMLP Shares Purchased by WealthBridge Capital Management LLC

WealthBridge Capital Management LLC raised its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 3.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,705 shares of the exchange traded fund’s stock after acquiring an additional 1,805 shares during the quarter. WealthBridge Capital Management LLC’s holdings in Alerian MLP ETF were worth $2,526,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nova Wealth Management Inc. purchased a new stake in shares of Alerian MLP ETF in the second quarter valued at about $28,000. Mid American Wealth Advisory Group Inc. purchased a new position in shares of Alerian MLP ETF during the 2nd quarter worth approximately $29,000. Headlands Technologies LLC acquired a new position in shares of Alerian MLP ETF during the 1st quarter worth approximately $31,000. Crews Bank & Trust acquired a new position in shares of Alerian MLP ETF during the 2nd quarter worth approximately $39,000. Finally, Independence Bank of Kentucky lifted its stake in Alerian MLP ETF by 517.5% in the 2nd quarter. Independence Bank of Kentucky now owns 988 shares of the exchange traded fund’s stock valued at $48,000 after buying an additional 828 shares in the last quarter.

Alerian MLP ETF Stock Performance

Shares of NYSEARCA:AMLP opened at $47.00 on Friday. The business’s fifty day moving average price is $46.68 and its two-hundred day moving average price is $47.93. The stock has a market cap of $10.31 billion, a PE ratio of 14.17 and a beta of 0.70. Alerian MLP ETF has a one year low of $43.75 and a one year high of $53.24.

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.