23,207 Shares of Alerian MLP ETF $AMLP Bought by Fortress Financial Solutions LLC

Fortress Financial Solutions LLC acquired a new stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 23,207 shares of the exchange traded fund’s stock, valued at approximately $1,204,000. Alerian MLP ETF makes up about 1.0% of Fortress Financial Solutions LLC’s investment portfolio, making the stock its 23rd largest position.

Several other hedge funds also recently made changes to their positions in the business. Sanders Morris Harris LLC bought a new stake in shares of Alerian MLP ETF in the 3rd quarter worth approximately $10,286,000. Focus Financial Network Inc. boosted its holdings in Alerian MLP ETF by 3.2% during the third quarter. Focus Financial Network Inc. now owns 27,221 shares of the exchange traded fund’s stock worth $1,412,000 after buying an additional 833 shares in the last quarter. Enclave Advisors LLC grew its position in Alerian MLP ETF by 1.3% in the third quarter. Enclave Advisors LLC now owns 53,324 shares of the exchange traded fund’s stock worth $2,766,000 after buying an additional 671 shares during the last quarter. Red Crane Wealth Management LLC grew its position in Alerian MLP ETF by 1.7% in the third quarter. Red Crane Wealth Management LLC now owns 12,706 shares of the exchange traded fund’s stock worth $659,000 after buying an additional 212 shares during the last quarter. Finally, Salem Investment Counselors Inc. grew its position in Alerian MLP ETF by 0.8% in the third quarter. Salem Investment Counselors Inc. now owns 93,497 shares of the exchange traded fund’s stock worth $4,850,000 after buying an additional 763 shares during the last quarter.

Alerian MLP ETF Stock Performance

Shares of NYSEARCA AMLP traded down $0.33 during trading on Wednesday, hitting $52.38. The company had a trading volume of 1,044,172 shares, compared to its average volume of 1,507,522. The company has a market cap of $12.63 billion, a P/E ratio of 14.17 and a beta of 0.54. Alerian MLP ETF has a 52 week low of $45.22 and a 52 week high of $56.43. The business’s 50-day moving average is $54.43 and its 200 day moving average is $53.41.

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).