Marshall Financial Group LLC Takes $294,000 Position in Alerian MLP ETF (NYSEARCA:AMLP)

Marshall Financial Group LLC bought a new stake in Alerian MLP ETF (NYSEARCA:AMLP) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 6,236 shares of the exchange traded fund’s stock, valued at approximately $294,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Teamwork Financial Advisors LLC raised its holdings in shares of Alerian MLP ETF by 89.3% in the third quarter. Teamwork Financial Advisors LLC now owns 9,599 shares of the exchange traded fund’s stock valued at $452,000 after buying an additional 4,528 shares during the last quarter. New Harbor Financial Group LLC raised its holdings in shares of Alerian MLP ETF by 6.6% in the third quarter. New Harbor Financial Group LLC now owns 241,299 shares of the exchange traded fund’s stock valued at $11,372,000 after buying an additional 14,868 shares during the last quarter. Summit Investment Advisory Services LLC purchased a new stake in shares of Alerian MLP ETF in the third quarter valued at about $328,000. Naviter Wealth LLC raised its holdings in shares of Alerian MLP ETF by 14.2% in the third quarter. Naviter Wealth LLC now owns 877,080 shares of the exchange traded fund’s stock valued at $41,337,000 after buying an additional 108,804 shares during the last quarter. Finally, SeaCrest Wealth Management LLC raised its holdings in shares of Alerian MLP ETF by 6.2% in the third quarter. SeaCrest Wealth Management LLC now owns 5,784 shares of the exchange traded fund’s stock valued at $273,000 after buying an additional 336 shares during the last quarter.

Alerian MLP ETF Stock Performance

Shares of NYSEARCA:AMLP opened at $47.10 on Friday. The stock has a market capitalization of $8.47 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a one year low of $41.06 and a one year high of $49.44. The company has a 50-day simple moving average of $46.93 and a 200-day simple moving average of $47.04.

Alerian MLP ETF 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.