Edge Wealth Management LLC Acquires 8,521 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

Edge Wealth Management LLC lifted its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 137.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,716 shares of the exchange traded fund’s stock after acquiring an additional 8,521 shares during the quarter. Edge Wealth Management LLC’s holdings in Alerian MLP ETF were worth $694,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Russell Investments Group Ltd. purchased a new position in Alerian MLP ETF during the first quarter valued at approximately $27,000. Asset Dedication LLC grew its holdings in Alerian MLP ETF by 1,244.0% in the second 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 purchased a new position in Alerian MLP ETF in the third quarter worth $40,000. ORG Wealth Partners LLC purchased a new position in Alerian MLP ETF in the third quarter worth $41,000. Finally, Ridgewood Investments LLC purchased a new position in Alerian MLP ETF in the second quarter worth $52,000.

Alerian MLP ETF Stock Performance

NYSEARCA AMLP traded down $0.45 on Tuesday, reaching $47.23. 1,700,362 shares of the company’s stock traded hands, compared to its average volume of 1,297,078. Alerian MLP ETF has a fifty-two week low of $41.06 and a fifty-two week high of $49.44. The stock has a 50 day moving average price of $46.86 and a 200-day moving average price of $47.04. The firm has a market cap of $8.50 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48.

About Alerian MLP ETF

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.