Alerian MLP ETF (NYSEARCA:AMLP) Stock Holdings Boosted by Summit Financial Wealth Advisors LLC

Summit Financial Wealth Advisors LLC boosted its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 2.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 302,093 shares of the exchange traded fund’s stock after purchasing an additional 8,207 shares during the period. Alerian MLP ETF makes up approximately 2.9% of Summit Financial Wealth Advisors LLC’s portfolio, making the stock its 9th biggest holding. Summit Financial Wealth Advisors LLC owned approximately 0.17% of Alerian MLP ETF worth $14,337,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Wells Fargo & Company MN raised its stake in Alerian MLP ETF by 14.3% during the fourth quarter. Wells Fargo & Company MN now owns 4,946,698 shares of the exchange traded fund’s stock worth $210,334,000 after purchasing an additional 619,287 shares during the period. Raymond James & Associates increased its position in shares of Alerian MLP ETF by 10.1% in the first quarter. Raymond James & Associates now owns 1,437,498 shares of the exchange traded fund’s stock worth $68,224,000 after acquiring an additional 131,689 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Alerian MLP ETF by 6.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 1,415,927 shares of the exchange traded fund’s stock worth $60,205,000 after acquiring an additional 87,714 shares in the last quarter. Rational Advisors LLC acquired a new stake in shares of Alerian MLP ETF in the first quarter worth $65,064,000. Finally, 1832 Asset Management L.P. acquired a new stake in shares of Alerian MLP ETF in the fourth quarter worth $51,416,000.

Alerian MLP ETF Stock Up 0.1 %

Shares of Alerian MLP ETF stock traded up $0.07 during trading hours on Monday, hitting $48.24. The company’s stock had a trading volume of 1,163,755 shares, compared to its average volume of 1,236,089. Alerian MLP ETF has a 1-year low of $39.63 and a 1-year high of $48.76. The business has a fifty day moving average of $46.70 and a 200 day moving average of $45.76. The company has a market capitalization of $8.68 billion, a PE ratio of 13.08 and a beta of 0.48.

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.