Alerian MLP ETF $AMLP Stock Position Increased by Gateway Wealth Partners LLC

Gateway Wealth Partners LLC raised its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 2,756.5% in the third quarter, Holdings Channel reports. The institutional investor owned 294,910 shares of the exchange traded fund’s stock after buying an additional 284,586 shares during the quarter. Alerian MLP ETF accounts for about 1.9% of Gateway Wealth Partners LLC’s holdings, making the stock its 4th biggest position. Gateway Wealth Partners LLC’s holdings in Alerian MLP ETF were worth $13,840,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the stock. Brighton Jones LLC grew its stake in shares of Alerian MLP ETF by 19.4% in the fourth quarter. Brighton Jones LLC now owns 44,781 shares of the exchange traded fund’s stock worth $2,157,000 after acquiring an additional 7,280 shares during the last quarter. US Bancorp DE boosted its stake in Alerian MLP ETF by 34.4% in the 2nd quarter. US Bancorp DE now owns 760,011 shares of the exchange traded fund’s stock worth $37,134,000 after purchasing an additional 194,330 shares in the last quarter. Lmcg Investments LLC grew its position in Alerian MLP ETF by 12.9% during the 2nd quarter. Lmcg Investments LLC now owns 29,433 shares of the exchange traded fund’s stock valued at $1,438,000 after purchasing an additional 3,360 shares during the last quarter. Concurrent Investment Advisors LLC grew its position in Alerian MLP ETF by 18.5% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 44,251 shares of the exchange traded fund’s stock valued at $2,162,000 after purchasing an additional 6,900 shares during the last quarter. Finally, Almanack Investment Partners LLC. bought a new stake in Alerian MLP ETF during the 2nd quarter valued at about $261,000.

Alerian MLP ETF Stock Performance

Shares of Alerian MLP ETF stock opened at $50.68 on Friday. The company has a 50-day simple moving average of $48.22 and a two-hundred day simple moving average of $47.74. The stock has a market capitalization of $11.42 billion, a PE ratio of 14.17 and a beta of 0.70. Alerian MLP ETF has a 52-week low of $43.75 and a 52-week high of $52.93.

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. The Index is comprised of 25 energy infrastructure MLPs. The fund will invest at least 90% of its total assets in securities, which comprise the Index (or depositary receipts based on such securities).