Alerian MLP ETF (NYSEARCA:AMLP) Shares Bought by Pointe Capital Management LLC

Pointe Capital Management LLC raised its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 2.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,596 shares of the exchange traded fund’s stock after purchasing an additional 508 shares during the period. Pointe Capital Management LLC’s holdings in Alerian MLP ETF were worth $1,159,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Alerian MLP ETF by 3.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 282,598 shares of the exchange traded fund’s stock valued at $13,412,000 after acquiring an additional 10,509 shares during the last quarter. SteelPeak Wealth LLC acquired a new stake in shares of Alerian MLP ETF during the 1st quarter worth about $241,000. LVW Advisors LLC purchased a new stake in shares of Alerian MLP ETF during the first quarter worth about $264,000. Aviance Capital Partners LLC raised its position in shares of Alerian MLP ETF by 11.5% in the first quarter. Aviance Capital Partners LLC now owns 33,983 shares of the exchange traded fund’s stock valued at $1,613,000 after buying an additional 3,501 shares during the last quarter. Finally, Capital Advisors Ltd. LLC lifted its stake in shares of Alerian MLP ETF by 8.7% during the first quarter. Capital Advisors Ltd. LLC now owns 18,079 shares of the exchange traded fund’s stock valued at $858,000 after buying an additional 1,454 shares during the period.

Alerian MLP ETF Stock Performance

NYSEARCA AMLP traded down $0.07 during mid-day trading on Friday, reaching $46.85. 1,507,858 shares of the stock were exchanged, compared to its average volume of 1,299,214. The business’s fifty day simple moving average is $47.06 and its 200 day simple moving average is $47.00. The stock has a market capitalization of $8.43 billion, a PE ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a 1-year low of $41.06 and a 1-year high of $49.44.

Alerian MLP ETF Company 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.