Kingswood Wealth Advisors LLC Boosts Stock Holdings in Alerian MLP ETF $AMLP

Kingswood Wealth Advisors LLC boosted its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 7.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,622 shares of the exchange traded fund’s stock after acquiring an additional 2,775 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Alerian MLP ETF were worth $1,887,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Nova Wealth Management Inc. purchased a new position in Alerian MLP ETF during the second quarter valued at approximately $28,000. Headlands Technologies LLC purchased a new position in Alerian MLP ETF during the first quarter valued at approximately $31,000. Golden State Wealth Management LLC purchased a new position in Alerian MLP ETF during the first quarter valued at approximately $34,000. Copia Wealth Management purchased a new position in Alerian MLP ETF during the first quarter valued at approximately $38,000. Finally, Crews Bank & Trust purchased a new position in Alerian MLP ETF during the second quarter valued at approximately $39,000.

Alerian MLP ETF Trading Up 0.5%

Shares of NYSEARCA:AMLP opened at $46.47 on Wednesday. The company has a 50 day moving average of $47.99 and a 200 day moving average of $48.49. The stock has a market cap of $10.19 billion, a P/E ratio of 14.17 and a beta of 1.42. Alerian MLP ETF has a 12 month low of $43.75 and a 12 month high of $53.24.

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.