Alerian MLP ETF $AMLP Stock: Eagle Strategies LLC Raises Position

Eagle Strategies LLC increased its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 32.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 162,460 shares of the exchange traded fund’s stock after acquiring an additional 39,896 shares during the period. Alerian MLP ETF comprises 0.8% of Eagle Strategies LLC’s portfolio, making the stock its 28th biggest position. Eagle Strategies LLC owned about 0.07% of Alerian MLP ETF worth $8,427,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. WealthBridge Capital Management LLC grew its position in Alerian MLP ETF by 0.6% in the 3rd quarter. WealthBridge Capital Management LLC now owns 59,125 shares of the exchange traded fund’s stock valued at $3,067,000 after acquiring an additional 326 shares during the last quarter. Peddock Capital Advisors LLC boosted its stake in shares of Alerian MLP ETF by 606.4% during the third quarter. Peddock Capital Advisors LLC now owns 30,078 shares of the exchange traded fund’s stock valued at $1,560,000 after purchasing an additional 25,820 shares during the period. BFI Infinity Ltd. purchased a new stake in shares of Alerian MLP ETF during the third quarter valued at $404,000. Legacy Wealth Partners LLC grew its holdings in shares of Alerian MLP ETF by 22.0% in the third quarter. Legacy Wealth Partners LLC now owns 4,919 shares of the exchange traded fund’s stock worth $255,000 after purchasing an additional 887 shares during the last quarter. Finally, NFSG Corp grew its holdings in shares of Alerian MLP ETF by 50.5% in the third quarter. NFSG Corp now owns 2,821 shares of the exchange traded fund’s stock worth $146,000 after purchasing an additional 946 shares during the last quarter.

Alerian MLP ETF Stock Up 1.4%

AMLP stock traded up $0.72 during trading on Friday, hitting $52.63. The company had a trading volume of 809,157 shares, compared to its average volume of 1,500,934. The firm has a market capitalization of $12.69 billion, a P/E ratio of 14.17 and a beta of 0.54. Alerian MLP ETF has a 52-week low of $45.22 and a 52-week high of $56.43. The company has a 50 day simple moving average of $54.29 and a 200-day simple moving average of $53.39.

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).