Alerian MLP ETF $AMLP Position Boosted by NewEdge Wealth LLC

NewEdge Wealth LLC increased its position in Alerian MLP ETF (NYSEARCA:AMLP) by 63.0% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 73,190 shares of the exchange traded fund’s stock after purchasing an additional 28,286 shares during the period. NewEdge Wealth LLC’s holdings in Alerian MLP ETF were worth $3,853,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its stake in Alerian MLP ETF by 14,563.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,289,345 shares of the exchange traded fund’s stock valued at $60,625,000 after buying an additional 1,280,552 shares in the last quarter. Orion Porfolio Solutions LLC grew its position in shares of Alerian MLP ETF by 326.3% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 1,039,696 shares of the exchange traded fund’s stock worth $50,800,000 after acquiring an additional 795,787 shares in the last quarter. EP Wealth Advisors LLC acquired a new position in shares of Alerian MLP ETF in the 4th quarter worth approximately $24,371,000. Quadrature Capital Ltd increased its holdings in shares of Alerian MLP ETF by 709.1% in the 4th quarter. Quadrature Capital Ltd now owns 476,492 shares of the exchange traded fund’s stock valued at $22,405,000 after acquiring an additional 417,602 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in shares of Alerian MLP ETF by 1,508.5% in the 4th quarter. Thrivent Financial for Lutherans now owns 406,459 shares of the exchange traded fund’s stock valued at $19,116,000 after acquiring an additional 381,190 shares during the last quarter.

Alerian MLP ETF Trading Up 0.1%

AMLP stock opened at $54.99 on Friday. The firm has a market cap of $12.93 billion, a P/E ratio of 14.17 and a beta of 0.50. Alerian MLP ETF has a 12-month low of $44.64 and a 12-month high of $55.62. The stock’s 50 day simple moving average is $52.74 and its 200 day simple moving average is $51.93.

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).