Mainstay Capital Management LLC ADV Buys New Stake in Alerian MLP ETF (NYSEARCA:AMLP)

Mainstay Capital Management LLC ADV purchased a new position in shares of Alerian MLP ETF (NYSEARCA:AMLP) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 53,901 shares of the exchange traded fund’s stock, valued at approximately $2,540,000. Alerian MLP ETF accounts for approximately 0.4% of Mainstay Capital Management LLC ADV’s investment portfolio, making the stock its 14th largest holding.

A number of other institutional investors also recently added to or reduced their stakes in AMLP. Russell Investments Group Ltd. bought a new position in shares of Alerian MLP ETF during the 1st quarter worth approximately $27,000. Asset Dedication LLC lifted its holdings in shares of Alerian MLP ETF by 1,244.0% during the second quarter. Asset Dedication LLC now owns 672 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 622 shares during the period. Massmutual Trust Co. FSB ADV acquired a new stake in shares of Alerian MLP ETF in the 3rd quarter valued at $40,000. ORG Wealth Partners LLC bought a new stake in shares of Alerian MLP ETF in the 3rd quarter worth about $41,000. Finally, Ridgewood Investments LLC acquired a new stake in shares of Alerian MLP ETF during the 2nd quarter worth about $52,000.

Alerian MLP ETF Stock Down 0.0 %

NYSEARCA:AMLP opened at $46.93 on Friday. The firm has a market cap of $8.44 billion, a PE ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a 12 month low of $41.06 and a 12 month high of $49.44. The company’s 50-day moving average price is $47.06 and its two-hundred day moving average price is $47.01.

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.