SteelPeak Wealth LLC Acquires 42,876 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

SteelPeak Wealth LLC boosted its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 299.2% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 57,207 shares of the exchange traded fund’s stock after purchasing an additional 42,876 shares during the period. SteelPeak Wealth LLC’s holdings in Alerian MLP ETF were worth $2,696,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Pinnacle Associates Ltd. raised its position in shares of Alerian MLP ETF by 27.2% during the third quarter. Pinnacle Associates Ltd. now owns 6,977 shares of the exchange traded fund’s stock valued at $329,000 after buying an additional 1,490 shares during the last quarter. Patriot Financial Group Insurance Agency LLC increased its stake in Alerian MLP ETF by 246.1% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 15,069 shares of the exchange traded fund’s stock valued at $710,000 after acquiring an additional 10,715 shares during the period. Kercheville Advisors LLC raised its holdings in Alerian MLP ETF by 8.3% in the 3rd quarter. Kercheville Advisors LLC now owns 10,825 shares of the exchange traded fund’s stock valued at $510,000 after acquiring an additional 825 shares in the last quarter. Riggs Asset Managment Co. Inc. lifted its position in shares of Alerian MLP ETF by 1.5% in the 3rd quarter. Riggs Asset Managment Co. Inc. now owns 203,080 shares of the exchange traded fund’s stock worth $9,571,000 after acquiring an additional 2,955 shares during the period. Finally, Pointe Capital Management LLC lifted its position in shares of Alerian MLP ETF by 2.1% in the 3rd quarter. Pointe Capital Management LLC now owns 24,596 shares of the exchange traded fund’s stock worth $1,159,000 after acquiring an additional 508 shares during the period.

Alerian MLP ETF Price Performance

Shares of AMLP traded up $0.04 on Wednesday, reaching $46.86. 395,177 shares of the stock traded hands, compared to its average volume of 1,296,108. The stock’s 50-day moving average price is $47.06 and its 200-day moving average price is $47.00. The firm has a market cap of $8.43 billion, a price-to-earnings 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.

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.