SMART Wealth LLC Has $3.78 Million Stock Position in Alerian MLP ETF (NYSEARCA:AMLP)

SMART Wealth LLC boosted its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 12.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 78,403 shares of the exchange traded fund’s stock after buying an additional 8,399 shares during the quarter. Alerian MLP ETF makes up approximately 1.3% of SMART Wealth LLC’s investment portfolio, making the stock its 20th largest position. SMART Wealth LLC’s holdings in Alerian MLP ETF were worth $3,776,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in AMLP. LPL Financial LLC lifted its position in Alerian MLP ETF by 13.0% during the third quarter. LPL Financial LLC now owns 2,399,962 shares of the exchange traded fund’s stock worth $113,110,000 after acquiring an additional 275,254 shares during the last quarter. Raymond James & Associates boosted its stake in Alerian MLP ETF by 2.4% in the 3rd quarter. Raymond James & Associates now owns 1,061,519 shares of the exchange traded fund’s stock valued at $50,029,000 after purchasing an additional 24,674 shares during the period. Stephens Inc. AR grew its holdings in Alerian MLP ETF by 2.8% in the 3rd quarter. Stephens Inc. AR now owns 984,226 shares of the exchange traded fund’s stock valued at $46,387,000 after buying an additional 26,882 shares in the last quarter. Naviter Wealth LLC grew its holdings in Alerian MLP ETF by 14.2% in the 3rd 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 in the last quarter. Finally, HighTower Advisors LLC increased its position in Alerian MLP ETF by 10.7% during the 3rd quarter. HighTower Advisors LLC now owns 872,018 shares of the exchange traded fund’s stock worth $41,091,000 after buying an additional 83,961 shares during the period.

Alerian MLP ETF Stock Performance

Shares of Alerian MLP ETF stock opened at $52.35 on Friday. The firm has a 50-day moving average of $49.96 and a 200-day moving average of $48.23. Alerian MLP ETF has a 52-week low of $43.02 and a 52-week high of $53.24. The stock has a market cap of $9.42 billion, a PE 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.