TD Private Client Wealth LLC Purchases 1,493 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

TD Private Client Wealth LLC boosted its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 25.0% in the third quarter, Holdings Channel reports. The institutional investor owned 7,468 shares of the exchange traded fund’s stock after buying an additional 1,493 shares during the period. TD Private Client Wealth LLC’s holdings in Alerian MLP ETF were worth $352,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new position in shares of Alerian MLP ETF during the third quarter valued at $28,000. Asset Dedication LLC raised its position in Alerian MLP ETF by 1,244.0% during the 2nd quarter. Asset Dedication LLC now owns 672 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 622 shares during the last quarter. Massmutual Trust Co. FSB ADV acquired a new position in Alerian MLP ETF during the 3rd quarter worth about $40,000. ORG Wealth Partners LLC bought a new stake in shares of Alerian MLP ETF in the 3rd quarter valued at about $41,000. Finally, Strategic Financial Concepts LLC bought a new stake in shares of Alerian MLP ETF in the 2nd quarter valued at about $49,000.

Alerian MLP ETF Price Performance

Shares of AMLP opened at $49.09 on Friday. The business has a 50-day moving average of $48.20 and a 200-day moving average of $47.48. The company has a market capitalization of $8.83 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a 1 year low of $41.80 and a 1 year high of $51.47.

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.