Opal Wealth Advisors LLC Boosts Holdings in Alerian MLP ETF (NYSEARCA:AMLP)

Opal Wealth Advisors LLC raised its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 2.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,167 shares of the exchange traded fund’s stock after acquiring an additional 242 shares during the quarter. Opal Wealth Advisors LLC’s holdings in Alerian MLP ETF were worth $432,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Russell Investments Group Ltd. bought a new position in Alerian MLP ETF during the first quarter valued at $27,000. Asset Dedication LLC grew its stake in shares of Alerian MLP ETF by 1,244.0% during the 2nd quarter. Asset Dedication LLC now owns 672 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 622 shares during the period. Massmutual Trust Co. FSB ADV bought a new position in shares of Alerian MLP ETF during the 3rd quarter worth $40,000. ORG Wealth Partners LLC purchased a new stake in Alerian MLP ETF in the 3rd quarter worth about $41,000. Finally, Strategic Financial Concepts LLC bought a new stake in Alerian MLP ETF in the 2nd quarter valued at about $49,000.

Alerian MLP ETF Stock Down 0.9 %

Shares of NYSEARCA:AMLP opened at $47.23 on Wednesday. The company has a 50-day moving average price of $46.87 and a two-hundred day moving average price of $47.04. Alerian MLP ETF has a twelve month low of $41.06 and a twelve month high of $49.44. The firm has a market capitalization of $8.50 billion, a PE ratio of 13.08 and a beta of 0.48.

Alerian MLP ETF Company 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.