Wealth Alliance LLC Has $13.36 Million Holdings in Alerian MLP ETF $AMLP

Wealth Alliance LLC grew its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 1.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 273,326 shares of the exchange traded fund’s stock after acquiring an additional 2,627 shares during the quarter. Alerian MLP ETF accounts for approximately 1.5% of Wealth Alliance LLC’s investment portfolio, making the stock its 12th largest position. Wealth Alliance LLC’s holdings in Alerian MLP ETF were worth $13,355,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in AMLP. Allen Investment Management LLC boosted its stake in shares of Alerian MLP ETF by 31.7% in the 1st quarter. Allen Investment Management LLC now owns 3,080,512 shares of the exchange traded fund’s stock valued at $160,002,000 after purchasing an additional 740,605 shares in the last quarter. LPL Financial LLC lifted its stake in Alerian MLP ETF by 15.6% in the 1st quarter. LPL Financial LLC now owns 3,238,970 shares of the exchange traded fund’s stock valued at $168,232,000 after purchasing an additional 437,947 shares during the last quarter. Raymond James Financial Inc. boosted its position in Alerian MLP ETF by 18.6% in the first quarter. Raymond James Financial Inc. now owns 2,563,333 shares of the exchange traded fund’s stock valued at $133,140,000 after buying an additional 401,133 shares in the last quarter. B&D White Capital Company LLC boosted its position in Alerian MLP ETF by 509.4% in the first quarter. B&D White Capital Company LLC now owns 304,679 shares of the exchange traded fund’s stock valued at $15,825,000 after buying an additional 254,679 shares in the last quarter. Finally, New Harbor Financial Group LLC grew its stake in shares of Alerian MLP ETF by 89.2% during the first quarter. New Harbor Financial Group LLC now owns 465,660 shares of the exchange traded fund’s stock worth $24,186,000 after buying an additional 219,589 shares during the last quarter.

Alerian MLP ETF Stock Performance

Shares of NYSEARCA:AMLP opened at $47.47 on Wednesday. Alerian MLP ETF has a 52-week low of $43.75 and a 52-week high of $53.24. The company has a market capitalization of $10.42 billion, a PE ratio of 14.17 and a beta of 0.70. The company has a fifty day moving average of $46.86 and a 200-day moving average of $48.02.

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.