Garde Capital Inc. Invests $49,000 in Alerian MLP ETF $AMLP

Garde Capital Inc. bought a new position in shares of Alerian MLP ETF (NYSEARCA:AMLP) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 1,000 shares of the exchange traded fund’s stock, valued at approximately $49,000.

A number of other institutional investors have also modified their holdings of the company. Auour Investments LLC grew its holdings in shares of Alerian MLP ETF by 1.2% during the 1st quarter. Auour Investments LLC now owns 18,171 shares of the exchange traded fund’s stock worth $877,000 after purchasing an additional 223 shares during the period. Fountainhead AM LLC boosted its holdings in Alerian MLP ETF by 4.1% in the 1st quarter. Fountainhead AM LLC now owns 5,798 shares of the exchange traded fund’s stock worth $301,000 after acquiring an additional 227 shares during the period. AE Wealth Management LLC boosted its holdings in Alerian MLP ETF by 7.3% in the 1st quarter. AE Wealth Management LLC now owns 3,622 shares of the exchange traded fund’s stock worth $188,000 after acquiring an additional 246 shares during the period. Sowell Financial Services LLC boosted its holdings in Alerian MLP ETF by 1.5% in the 1st quarter. Sowell Financial Services LLC now owns 17,014 shares of the exchange traded fund’s stock worth $884,000 after acquiring an additional 250 shares during the period. Finally, Summit Financial LLC boosted its holdings in Alerian MLP ETF by 1.6% in the 1st quarter. Summit Financial LLC now owns 16,627 shares of the exchange traded fund’s stock worth $864,000 after acquiring an additional 257 shares during the period.

Alerian MLP ETF Stock Down 0.1%

NYSEARCA AMLP opened at $47.76 on Friday. The stock has a market cap of $10.27 billion, a PE ratio of 14.17 and a beta of 1.42. Alerian MLP ETF has a fifty-two week low of $43.75 and a fifty-two week high of $53.24. The business has a 50 day moving average price of $48.59 and a two-hundred day moving average price of $48.97.

About Alerian MLP ETF

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.