Searcy Financial Services Inc. ADV Acquires 2,516 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

Searcy Financial Services Inc. ADV lifted its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 0.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 330,042 shares of the exchange traded fund’s stock after buying an additional 2,516 shares during the quarter. Alerian MLP ETF comprises approximately 7.3% of Searcy Financial Services Inc. ADV’s investment portfolio, making the stock its 6th largest holding. Searcy Financial Services Inc. ADV owned about 0.18% of Alerian MLP ETF worth $15,895,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of AMLP. Ashton Thomas Securities LLC bought a new position in shares of Alerian MLP ETF during the 3rd quarter worth about $28,000. Massmutual Trust Co. FSB ADV bought a new position in Alerian MLP ETF in the third quarter worth approximately $40,000. City State Bank bought a new position in Alerian MLP ETF in the fourth quarter worth approximately $40,000. ORG Wealth Partners LLC acquired a new stake in Alerian MLP ETF in the third quarter valued at approximately $41,000. Finally, Advisors Asset Management Inc. bought a new stake in shares of Alerian MLP ETF during the third quarter valued at approximately $65,000.

Alerian MLP ETF Price Performance

Shares of NYSEARCA:AMLP traded up $0.43 during trading on Monday, reaching $49.61. 1,463,416 shares of the stock were exchanged, compared to its average volume of 1,191,843. The stock has a fifty day moving average of $48.71 and a two-hundred day moving average of $47.78. Alerian MLP ETF has a 1-year low of $42.25 and a 1-year high of $51.47. The firm has a market cap of $8.92 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48.

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.