Alerian MLP ETF $AMLP Stock Position Boosted by Retirement Planning Group LLC

Retirement Planning Group LLC raised its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 85.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 23,628 shares of the exchange traded fund’s stock after buying an additional 10,919 shares during the period. Retirement Planning Group LLC’s holdings in Alerian MLP ETF were worth $1,226,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Kercheville Advisors LLC increased its stake in Alerian MLP ETF by 31.0% in the third quarter. Kercheville Advisors LLC now owns 10,675 shares of the exchange traded fund’s stock worth $554,000 after purchasing an additional 2,525 shares during the period. Independent Wealth Network Inc. lifted its holdings in shares of Alerian MLP ETF by 5.4% in the 3rd quarter. Independent Wealth Network Inc. now owns 6,718 shares of the exchange traded fund’s stock worth $348,000 after buying an additional 343 shares during the period. Quantum Financial Partners LLC boosted its stake in shares of Alerian MLP ETF by 14.8% during the third quarter. Quantum Financial Partners LLC now owns 6,415 shares of the exchange traded fund’s stock valued at $333,000 after purchasing an additional 827 shares in the last quarter. Sculati Wealth Management LLC increased its holdings in shares of Alerian MLP ETF by 0.8% in the 3rd quarter. Sculati Wealth Management LLC now owns 53,796 shares of the exchange traded fund’s stock valued at $2,836,000 after acquiring an additional 436 shares during the period. Finally, Onyx Bridge Wealth Group LLC raised its holdings in Alerian MLP ETF by 1.7% in the third quarter. Onyx Bridge Wealth Group LLC now owns 17,684 shares of the exchange traded fund’s stock worth $917,000 after purchasing an additional 296 shares in the last quarter.

Alerian MLP ETF Stock Up 0.8%

Shares of AMLP opened at $52.60 on Wednesday. The company has a 50 day moving average of $54.18 and a two-hundred day moving average of $53.39. Alerian MLP ETF has a twelve month low of $45.94 and a twelve month high of $56.43. The company has a market cap of $12.69 billion, a price-to-earnings ratio of 14.17 and a beta of 0.54.

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. 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).