Newbridge Financial Services Group Inc. Raises Stock Holdings in Alerian MLP ETF $AMLP

Newbridge Financial Services Group Inc. raised its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 880.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,417 shares of the exchange traded fund’s stock after buying an additional 12,049 shares during the quarter. Newbridge Financial Services Group Inc.’s holdings in Alerian MLP ETF were worth $656,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Level Four Advisory Services LLC raised its stake in shares of Alerian MLP ETF by 1.0% in the 2nd quarter. Level Four Advisory Services LLC now owns 20,536 shares of the exchange traded fund’s stock valued at $1,003,000 after acquiring an additional 210 shares during the period. NBC Securities Inc. boosted its position in shares of Alerian MLP ETF by 1.1% during the 2nd quarter. NBC Securities Inc. now owns 21,543 shares of the exchange traded fund’s stock worth $1,052,000 after purchasing an additional 237 shares during the period. Arlington Trust Co LLC increased its holdings in Alerian MLP ETF by 8.5% in the 2nd quarter. Arlington Trust Co LLC now owns 3,207 shares of the exchange traded fund’s stock valued at $157,000 after purchasing an additional 250 shares during the last quarter. Ergawealth Advisors Inc. raised its position in Alerian MLP ETF by 3.1% in the second quarter. Ergawealth Advisors Inc. now owns 8,437 shares of the exchange traded fund’s stock valued at $412,000 after purchasing an additional 250 shares during the period. Finally, MBA Advisors LLC lifted its stake in Alerian MLP ETF by 1.1% during the second quarter. MBA Advisors LLC now owns 23,787 shares of the exchange traded fund’s stock worth $1,162,000 after purchasing an additional 254 shares in the last quarter.

Alerian MLP ETF Stock Up 0.2%

AMLP opened at $47.41 on Monday. Alerian MLP ETF has a 52 week low of $43.75 and a 52 week high of $53.24. The business has a fifty day simple moving average of $46.78 and a 200-day simple moving average of $47.81. The firm has a market cap of $10.40 billion, a P/E ratio of 14.17 and a beta of 0.70.

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.