SteelPeak Wealth LLC Increases Position in Alerian MLP ETF (NYSEARCA:AMLP)

SteelPeak Wealth LLC raised its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 24.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 70,909 shares of the exchange traded fund’s stock after buying an additional 13,702 shares during the period. SteelPeak Wealth LLC’s holdings in Alerian MLP ETF were worth $3,415,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Ashton Thomas Securities LLC acquired a new position in Alerian MLP ETF in the 3rd quarter valued at about $28,000. City State Bank purchased a new position in shares of Alerian MLP ETF in the fourth quarter valued at approximately $40,000. Massmutual Trust Co. FSB ADV acquired a new position in shares of Alerian MLP ETF in the third quarter valued at approximately $40,000. ORG Wealth Partners LLC purchased a new stake in Alerian MLP ETF during the 3rd quarter worth approximately $41,000. Finally, Advisors Asset Management Inc. purchased a new stake in Alerian MLP ETF during the 3rd quarter worth approximately $65,000.

Alerian MLP ETF Stock Up 1.3 %

Shares of AMLP stock opened at $51.76 on Wednesday. The firm has a 50 day moving average of $49.57 and a two-hundred day moving average of $48.05. The stock has a market capitalization of $9.31 billion, a PE ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a 52 week low of $43.02 and a 52 week high of $52.82.

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.