Naviter Wealth LLC Has $41.34 Million Position in Alerian MLP ETF (NYSEARCA:AMLP)

Naviter Wealth LLC raised its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 14.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 877,080 shares of the exchange traded fund’s stock after purchasing an additional 108,804 shares during the quarter. Alerian MLP ETF accounts for 5.8% of Naviter Wealth LLC’s portfolio, making the stock its 2nd largest holding. Naviter Wealth LLC owned approximately 0.49% of Alerian MLP ETF worth $41,337,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. 1832 Asset Management L.P. raised its position in Alerian MLP ETF by 58.2% in the 1st quarter. 1832 Asset Management L.P. now owns 1,912,850 shares of the exchange traded fund’s stock worth $90,784,000 after purchasing an additional 703,620 shares during the last quarter. Cetera Investment Advisers grew its holdings in Alerian MLP ETF by 470.3% during the first quarter. Cetera Investment Advisers now owns 442,029 shares of the exchange traded fund’s stock valued at $20,979,000 after purchasing an additional 364,516 shares during the period. Blair William & Co. IL increased its stake in Alerian MLP ETF by 260.0% in the second quarter. Blair William & Co. IL now owns 484,890 shares of the exchange traded fund’s stock valued at $23,265,000 after purchasing an additional 350,196 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in Alerian MLP ETF by 15.7% in the second quarter. Envestnet Asset Management Inc. now owns 2,007,435 shares of the exchange traded fund’s stock worth $96,317,000 after purchasing an additional 272,696 shares during the period. Finally, NewEdge Advisors LLC raised its holdings in Alerian MLP ETF by 233.3% in the second quarter. NewEdge Advisors LLC now owns 375,554 shares of the exchange traded fund’s stock worth $18,019,000 after purchasing an additional 262,884 shares during the period.

Alerian MLP ETF Trading Up 0.0 %

Shares of AMLP stock traded up $0.01 on Thursday, hitting $47.44. The stock had a trading volume of 33,296 shares, compared to its average volume of 1,293,024. Alerian MLP ETF has a twelve month low of $41.06 and a twelve month high of $49.44. The company has a fifty day moving average price of $46.89 and a two-hundred day moving average price of $47.04. The firm has a market cap of $8.53 billion, a P/E ratio of 13.08 and a beta of 0.48.

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.