HFG Wealth Management LLC Acquires 1,699 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

HFG Wealth Management LLC boosted its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 5.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,730 shares of the exchange traded fund’s stock after purchasing an additional 1,699 shares during the period. Alerian MLP ETF comprises 1.0% of HFG Wealth Management LLC’s holdings, making the stock its 24th biggest holding. HFG Wealth Management LLC’s holdings in Alerian MLP ETF were worth $1,543,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Ashton Thomas Securities LLC bought a new position in Alerian MLP ETF during the 3rd quarter worth about $28,000. Massmutual Trust Co. FSB ADV acquired a new stake in Alerian MLP ETF in the third quarter worth about $40,000. City State Bank purchased a new stake in shares of Alerian MLP ETF during the fourth quarter worth about $40,000. ORG Wealth Partners LLC acquired a new position in shares of Alerian MLP ETF during the third quarter valued at about $41,000. Finally, Advisors Asset Management Inc. purchased a new stake in shares of Alerian MLP ETF during the third quarter valued at $65,000.

Alerian MLP ETF Stock Performance

AMLP stock traded up $0.31 during midday trading on Monday, reaching $49.49. The stock had a trading volume of 805,341 shares, compared to its average volume of 1,113,540. The firm has a fifty day simple moving average of $48.71 and a two-hundred day simple moving average of $47.78. Alerian MLP ETF has a 52-week low of $42.25 and a 52-week high of $51.47. The stock has a market cap of $8.90 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.