Alerian MLP ETF (NYSEARCA:AMLP) Shares Purchased by Naviter Wealth LLC

Naviter Wealth LLC increased its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 7.8% in the first quarter, HoldingsChannel reports. The firm owned 599,907 shares of the exchange traded fund’s stock after acquiring an additional 43,621 shares during the quarter. Alerian MLP ETF accounts for 4.7% of Naviter Wealth LLC’s portfolio, making the stock its 2nd biggest position. Naviter Wealth LLC’s holdings in Alerian MLP ETF were worth $28,472,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Main Street Financial Solutions LLC lifted its holdings in shares of Alerian MLP ETF by 2.9% during the fourth quarter. Main Street Financial Solutions LLC now owns 47,714 shares of the exchange traded fund’s stock worth $2,029,000 after purchasing an additional 1,353 shares during the period. 1832 Asset Management L.P. acquired a new stake in shares of Alerian MLP ETF during the fourth quarter worth about $51,416,000. Steward Partners Investment Advisory LLC lifted its holdings in shares of Alerian MLP ETF by 1.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 56,522 shares of the exchange traded fund’s stock worth $2,403,000 after purchasing an additional 824 shares during the period. Mckinley Capital Management LLC lifted its holdings in Alerian MLP ETF by 3.0% in the fourth quarter. Mckinley Capital Management LLC now owns 158,700 shares of the exchange traded fund’s stock valued at $6,748,000 after acquiring an additional 4,631 shares during the period. Finally, Raymond James & Associates lifted its holdings in Alerian MLP ETF by 5.1% in the fourth quarter. Raymond James & Associates now owns 1,305,809 shares of the exchange traded fund’s stock valued at $55,523,000 after acquiring an additional 63,053 shares during the period.

Alerian MLP ETF Price Performance

NYSEARCA:AMLP traded up $0.06 during trading hours on Tuesday, reaching $48.24. The company had a trading volume of 940,026 shares, compared to its average volume of 1,245,108. Alerian MLP ETF has a 1-year low of $38.88 and a 1-year high of $48.53. The firm has a market cap of $8.68 billion, a PE ratio of 13.08 and a beta of 0.48. The business’s 50 day moving average price is $46.63 and its 200-day moving average price is $45.59.

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.