J.W. Cole Advisors Inc. Raises Holdings in Alerian MLP ETF (NYSEARCA:AMLP)

J.W. Cole Advisors Inc. grew its position in Alerian MLP ETF (NYSEARCA:AMLP) by 22.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,745 shares of the exchange traded fund’s stock after buying an additional 2,553 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Alerian MLP ETF were worth $584,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Provence Wealth Management Group purchased a new stake in shares of Alerian MLP ETF during the 3rd quarter worth $31,000. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Alerian MLP ETF during the 4th quarter worth $39,000. Friedenthal Financial acquired a new position in Alerian MLP ETF during the 4th quarter valued at about $54,000. Headlands Technologies LLC acquired a new position in Alerian MLP ETF during the 3rd quarter valued at about $87,000. Finally, Global Trust Asset Management LLC increased its position in Alerian MLP ETF by 32.3% during the 4th quarter. Global Trust Asset Management LLC now owns 2,050 shares of the exchange traded fund’s stock valued at $87,000 after buying an additional 500 shares in the last quarter.

Alerian MLP ETF Price Performance

Shares of NYSEARCA:AMLP opened at $47.19 on Tuesday. The business’s 50-day moving average is $46.45 and its 200 day moving average is $44.11. Alerian MLP ETF has a 1 year low of $37.06 and a 1 year high of $48.48. The firm has a market capitalization of $8.40 billion, a P/E ratio of 12.87 and a beta of 0.51.

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.