Puff Wealth Management LLC Invests $1.14 Million in Alerian MLP ETF $AMLP

Puff Wealth Management LLC bought a new position in Alerian MLP ETF (NYSEARCA:AMLP) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 22,004 shares of the exchange traded fund’s stock, valued at approximately $1,141,000. Alerian MLP ETF comprises about 1.2% of Puff Wealth Management LLC’s investment portfolio, making the stock its 26th biggest position.

A number of other hedge funds also recently bought and sold shares of AMLP. Balefire LLC raised its position in Alerian MLP ETF by 1.9% during the 2nd quarter. Balefire LLC now owns 77,290 shares of the exchange traded fund’s stock valued at $4,007,000 after purchasing an additional 1,425 shares during the last quarter. Dynamic Advisor Solutions LLC increased its stake in shares of Alerian MLP ETF by 18.9% during the second quarter. Dynamic Advisor Solutions LLC now owns 42,666 shares of the exchange traded fund’s stock valued at $2,212,000 after buying an additional 6,790 shares during the period. Value Investment Professionals LLC purchased a new position in shares of Alerian MLP ETF during the second quarter valued at approximately $1,485,000. Prota Financial LLC raised its holdings in shares of Alerian MLP ETF by 3.2% during the second quarter. Prota Financial LLC now owns 101,799 shares of the exchange traded fund’s stock valued at $5,255,000 after acquiring an additional 3,118 shares in the last quarter. Finally, Meadowbrook Wealth Management LLC raised its holdings in shares of Alerian MLP ETF by 10.7% during the second quarter. Meadowbrook Wealth Management LLC now owns 12,883 shares of the exchange traded fund’s stock valued at $665,000 after acquiring an additional 1,250 shares in the last quarter.

Alerian MLP ETF Stock Down 1.2%

Shares of AMLP stock opened at $54.36 on Friday. The stock has a fifty day moving average of $52.96 and a 200 day moving average of $52.39. The firm has a market capitalization of $12.77 billion, a price-to-earnings ratio of 14.17 and a beta of 0.50. Alerian MLP ETF has a 52 week low of $44.64 and a 52 week high of $55.62.

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. The Index is comprised of 25 energy infrastructure MLPs. The fund will invest at least 90% of its total assets in securities, which comprise the Index (or depositary receipts based on such securities).