NewEdge Advisors LLC Has $32.56 Million Stock Holdings in Alerian MLP ETF $AMLP

NewEdge Advisors LLC boosted its position in Alerian MLP ETF (NYSEARCA:AMLP) by 12.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 627,920 shares of the exchange traded fund’s stock after acquiring an additional 70,402 shares during the period. NewEdge Advisors LLC owned 0.27% of Alerian MLP ETF worth $32,558,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMLP. Hollencrest Capital Management bought a new stake in Alerian MLP ETF during the 2nd quarter worth about $35,000. Global Trust Asset Management LLC grew its position in shares of Alerian MLP ETF by 600.0% during the 1st quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock worth $37,000 after buying an additional 600 shares during the period. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in shares of Alerian MLP ETF during the fourth quarter worth approximately $57,000. Palladiem LLC bought a new stake in shares of Alerian MLP ETF during the fourth quarter worth approximately $60,000. Finally, BROOKFIELD Corp ON bought a new stake in shares of Alerian MLP ETF during the second quarter worth approximately $65,000.

Alerian MLP ETF Stock Performance

Shares of AMLP stock opened at $56.19 on Thursday. The firm’s 50 day moving average price is $54.58 and its two-hundred day moving average price is $53.21. Alerian MLP ETF has a 52-week low of $44.64 and a 52-week high of $56.29. The stock has a market cap of $13.20 billion, a PE ratio of 14.17 and a beta of 0.51.

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. The Index is comprised of 25 energy infrastructure MLPs. The fund will invest at least 90% of its total assets in securities, which comprise the Index (or depositary receipts based on such securities).