Armstrong Advisory Group Inc. Increases Stock Position in Alerian MLP ETF (NYSEARCA:AMLP)

Armstrong Advisory Group Inc. boosted its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 17.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,752 shares of the exchange traded fund’s stock after purchasing an additional 1,138 shares during the quarter. Armstrong Advisory Group Inc.’s holdings in Alerian MLP ETF were worth $365,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Virtu Financial LLC bought a new stake in shares of Alerian MLP ETF in the 4th quarter worth approximately $589,000. Moseley Investment Management Inc. bought a new position in Alerian MLP ETF during the 1st quarter valued at about $272,000. Madison Park Capital Advisors LLC increased its position in shares of Alerian MLP ETF by 4.0% during the 1st quarter. Madison Park Capital Advisors LLC now owns 136,175 shares of the exchange traded fund’s stock valued at $6,463,000 after purchasing an additional 5,287 shares during the last quarter. NBC Securities Inc. increased its holdings in Alerian MLP ETF by 1.8% in the 1st quarter. NBC Securities Inc. now owns 20,337 shares of the exchange traded fund’s stock worth $965,000 after acquiring an additional 351 shares in the last quarter. Finally, Summit Financial Group Inc. boosted its position in shares of Alerian MLP ETF by 49.0% during the 1st quarter. Summit Financial Group Inc. now owns 7,880 shares of the exchange traded fund’s stock valued at $374,000 after acquiring an additional 2,590 shares during the last quarter.

Alerian MLP ETF Stock Performance

Shares of NYSEARCA AMLP opened at $47.69 on Monday. Alerian MLP ETF has a fifty-two week low of $41.06 and a fifty-two week high of $49.44. The company has a market cap of $8.58 billion, a PE ratio of 13.08 and a beta of 0.48. The business has a 50-day simple moving average of $46.82 and a two-hundred day simple moving average of $47.04.

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.