Alerian MLP ETF $AMLP Shares Purchased by TKG Advisors LLC

TKG Advisors LLC boosted its position in Alerian MLP ETF (NYSEARCA:AMLP) by 6.3% in the second quarter, HoldingsChannel.com reports. The firm owned 88,781 shares of the exchange traded fund’s stock after purchasing an additional 5,287 shares during the quarter. Alerian MLP ETF comprises approximately 1.9% of TKG Advisors LLC’s investment portfolio, making the stock its 21st biggest holding. TKG Advisors LLC’s holdings in Alerian MLP ETF were worth $4,338,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of AMLP. Nova Wealth Management Inc. bought a new position in Alerian MLP ETF during the second quarter valued at about $28,000. Mid American Wealth Advisory Group Inc. bought a new position in shares of Alerian MLP ETF during the 2nd quarter valued at about $29,000. Headlands Technologies LLC bought a new position in shares of Alerian MLP ETF during the 1st quarter valued at about $31,000. Crews Bank & Trust bought a new position in shares of Alerian MLP ETF during the 2nd quarter valued at about $39,000. Finally, Independence Bank of Kentucky lifted its stake in Alerian MLP ETF by 517.5% during the second quarter. Independence Bank of Kentucky now owns 988 shares of the exchange traded fund’s stock valued at $48,000 after purchasing an additional 828 shares during the last quarter.

Alerian MLP ETF Price Performance

AMLP stock opened at $46.55 on Wednesday. Alerian MLP ETF has a 12 month low of $43.75 and a 12 month high of $53.24. The firm has a market cap of $10.22 billion, a PE ratio of 14.17 and a beta of 0.70. The firm has a 50 day simple moving average of $46.99 and a 200 day simple moving average of $48.08.

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.