Independent Advisor Alliance Purchases 4,401 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

Independent Advisor Alliance increased its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 35.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,958 shares of the exchange traded fund’s stock after acquiring an additional 4,401 shares during the quarter. Independent Advisor Alliance’s holdings in Alerian MLP ETF were worth $799,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AMLP. Douglass Winthrop Advisors LLC raised its position in shares of Alerian MLP ETF by 16.5% in the 3rd quarter. Douglass Winthrop Advisors LLC now owns 7,055 shares of the exchange traded fund’s stock valued at $333,000 after purchasing an additional 1,000 shares during the last quarter. MGB Wealth Management LLC increased its stake in Alerian MLP ETF by 1.0% during the 3rd quarter. MGB Wealth Management LLC now owns 48,694 shares of the exchange traded fund’s stock valued at $2,295,000 after purchasing an additional 473 shares in the last quarter. Kingsview Wealth Management LLC raised its holdings in shares of Alerian MLP ETF by 25.4% in the third quarter. Kingsview Wealth Management LLC now owns 93,803 shares of the exchange traded fund’s stock worth $4,421,000 after buying an additional 19,023 shares during the last quarter. Cerity Partners LLC lifted its stake in shares of Alerian MLP ETF by 15.8% during the third quarter. Cerity Partners LLC now owns 90,620 shares of the exchange traded fund’s stock worth $4,271,000 after buying an additional 12,391 shares during the period. Finally, Nicolet Advisory Services LLC lifted its stake in shares of Alerian MLP ETF by 1.2% during the third quarter. Nicolet Advisory Services LLC now owns 205,175 shares of the exchange traded fund’s stock worth $9,742,000 after buying an additional 2,449 shares during the period.

Alerian MLP ETF Stock Performance

Shares of AMLP stock opened at $50.31 on Thursday. Alerian MLP ETF has a fifty-two week low of $41.06 and a fifty-two week high of $50.51. The firm has a market capitalization of $9.05 billion, a PE ratio of 13.08 and a beta of 0.48. The stock’s 50-day simple moving average is $47.52 and its 200-day simple moving average is $47.15.

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.