TRUE Private Wealth Advisors Boosts Stock Position in Alerian MLP ETF (NYSEARCA:AMLP)

TRUE Private Wealth Advisors grew its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 3.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,292 shares of the exchange traded fund’s stock after acquiring an additional 283 shares during the period. TRUE Private Wealth Advisors’ holdings in Alerian MLP ETF were worth $353,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in AMLP. Bank of New York Mellon Corp raised its position in shares of Alerian MLP ETF by 10.8% in the first quarter. Bank of New York Mellon Corp now owns 17,837 shares of the exchange traded fund’s stock worth $683,000 after buying an additional 1,743 shares in the last quarter. Blair William & Co. IL raised its position in Alerian MLP ETF by 22.3% during the first quarter. Blair William & Co. IL now owns 52,632 shares of the exchange traded fund’s stock valued at $2,016,000 after purchasing an additional 9,614 shares in the last quarter. Cetera Investment Advisers raised its position in Alerian MLP ETF by 13.3% during the first quarter. Cetera Investment Advisers now owns 29,050 shares of the exchange traded fund’s stock valued at $1,113,000 after purchasing an additional 3,406 shares in the last quarter. Baird Financial Group Inc. raised its position in Alerian MLP ETF by 5.1% during the first quarter. Baird Financial Group Inc. now owns 22,137 shares of the exchange traded fund’s stock valued at $848,000 after purchasing an additional 1,070 shares in the last quarter. Finally, NewEdge Advisors LLC raised its position in Alerian MLP ETF by 12.1% during the first quarter. NewEdge Advisors LLC now owns 65,562 shares of the exchange traded fund’s stock valued at $2,512,000 after purchasing an additional 7,091 shares in the last quarter.

Alerian MLP ETF Stock Up 0.9 %

NYSEARCA AMLP opened at $45.96 on Thursday. The stock’s 50-day simple moving average is $46.25 and its two-hundred day simple moving average is $43.96. Alerian MLP ETF has a twelve month low of $37.06 and a twelve month high of $48.48. The company has a market capitalization of $8.18 billion, a price-to-earnings ratio of 12.87 and a beta of 0.51.

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.