TKG Advisors LLC Boosts Position in Alerian MLP ETF (NYSEARCA:AMLP)

TKG Advisors LLC boosted its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 4.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 79,551 shares of the exchange traded fund’s stock after acquiring an additional 3,706 shares during the quarter. Alerian MLP ETF comprises 1.8% of TKG Advisors LLC’s holdings, making the stock its 19th largest holding. TKG Advisors LLC’s holdings in Alerian MLP ETF were worth $3,749,000 as of its most recent SEC filing.

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

Alerian MLP ETF Price Performance

Shares of NYSEARCA:AMLP traded up $0.33 on Monday, reaching $46.81. The company’s stock had a trading volume of 57,219 shares, compared to its average volume of 1,294,572. Alerian MLP ETF has a 52-week low of $41.06 and a 52-week high of $49.44. The stock’s 50-day moving average is $47.06 and its two-hundred day moving average is $47.01. The stock has a market capitalization of $8.42 billion, a P/E 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.