EP Wealth Advisors LLC Has $25.21 Million Stock Position in Alerian MLP ETF (NYSEARCA:AMLP)

EP Wealth Advisors LLC boosted its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 2.3% in the fourth quarter, Holdings Channel reports. The firm owned 523,378 shares of the exchange traded fund’s stock after purchasing an additional 11,936 shares during the quarter. EP Wealth Advisors LLC’s holdings in Alerian MLP ETF were worth $25,206,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Proficio Capital Partners LLC raised its position in Alerian MLP ETF by 3,928.2% during the fourth quarter. Proficio Capital Partners LLC now owns 16,224,276 shares of the exchange traded fund’s stock valued at $781,361,000 after purchasing an additional 15,821,509 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Alerian MLP ETF by 16.3% during the 4th quarter. Bank of America Corp DE now owns 8,235,482 shares of the exchange traded fund’s stock worth $396,621,000 after buying an additional 1,156,735 shares during the last quarter. Wells Fargo & Company MN boosted its stake in Alerian MLP ETF by 19.4% in the fourth quarter. Wells Fargo & Company MN now owns 6,299,345 shares of the exchange traded fund’s stock valued at $303,376,000 after buying an additional 1,023,323 shares in the last quarter. LPL Financial LLC grew its position in Alerian MLP ETF by 16.7% in the fourth quarter. LPL Financial LLC now owns 2,801,023 shares of the exchange traded fund’s stock valued at $134,897,000 after acquiring an additional 401,061 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Alerian MLP ETF during the fourth quarter worth about $104,132,000.

Alerian MLP ETF Price Performance

AMLP stock opened at $47.10 on Wednesday. The company has a 50 day simple moving average of $49.60 and a 200 day simple moving average of $49.60. The stock has a market cap of $9.79 billion, a price-to-earnings ratio of 13.17 and a beta of 0.99. Alerian MLP ETF has a 1 year low of $43.75 and a 1 year high of $53.24.

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.