MGB Wealth Management LLC Buys 473 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

MGB Wealth Management LLC increased its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 1.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 48,694 shares of the exchange traded fund’s stock after purchasing an additional 473 shares during the quarter. Alerian MLP ETF accounts for 0.8% of MGB Wealth Management LLC’s holdings, making the stock its 24th biggest holding. MGB Wealth Management LLC’s holdings in Alerian MLP ETF were worth $2,295,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the stock. LPL Financial LLC boosted its holdings in Alerian MLP ETF by 13.0% during the 3rd quarter. LPL Financial LLC now owns 2,399,962 shares of the exchange traded fund’s stock valued at $113,110,000 after acquiring an additional 275,254 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Alerian MLP ETF by 15.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,007,435 shares of the exchange traded fund’s stock worth $96,317,000 after acquiring an additional 272,696 shares in the last quarter. Allen Investment Management LLC raised its position in shares of Alerian MLP ETF by 16.8% in the 2nd quarter. Allen Investment Management LLC now owns 1,315,442 shares of the exchange traded fund’s stock worth $63,115,000 after acquiring an additional 188,980 shares in the last quarter. Raymond James & Associates raised its position in shares of Alerian MLP ETF by 2.4% in the 3rd quarter. Raymond James & Associates now owns 1,061,519 shares of the exchange traded fund’s stock worth $50,029,000 after acquiring an additional 24,674 shares in the last quarter. Finally, Stephens Inc. AR increased its position in Alerian MLP ETF by 2.8% during the 3rd quarter. Stephens Inc. AR now owns 984,226 shares of the exchange traded fund’s stock valued at $46,387,000 after buying an additional 26,882 shares in the last quarter.

Alerian MLP ETF Stock Performance

Shares of AMLP stock opened at $49.63 on Friday. The stock’s 50-day simple moving average is $47.45 and its 200-day simple moving average is $47.12. The firm has a market capitalization of $8.93 billion, a PE ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a fifty-two week low of $41.06 and a fifty-two week high of $49.67.

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.