Wealth Alliance Acquires 16,579 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

Wealth Alliance increased its position in Alerian MLP ETF (NYSEARCA:AMLP) by 7.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 229,241 shares of the exchange traded fund’s stock after buying an additional 16,579 shares during the quarter. Alerian MLP ETF accounts for approximately 1.4% of Wealth Alliance’s holdings, making the stock its 11th biggest holding. Wealth Alliance owned about 0.13% of Alerian MLP ETF worth $10,999,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Aurora Private Wealth Inc. increased its stake in shares of Alerian MLP ETF by 0.7% in the second quarter. Aurora Private Wealth Inc. now owns 29,265 shares of the exchange traded fund’s stock worth $1,404,000 after buying an additional 208 shares during the period. RDA Financial Network increased its stake in shares of Alerian MLP ETF by 4.6% in the second quarter. RDA Financial Network now owns 5,677 shares of the exchange traded fund’s stock worth $272,000 after buying an additional 250 shares during the period. Capital Advisors Ltd. LLC increased its stake in shares of Alerian MLP ETF by 1.4% in the second quarter. Capital Advisors Ltd. LLC now owns 18,337 shares of the exchange traded fund’s stock worth $880,000 after buying an additional 258 shares during the period. Beacon Pointe Advisors LLC increased its stake in shares of Alerian MLP ETF by 0.7% in the fourth quarter. Beacon Pointe Advisors LLC now owns 38,930 shares of the exchange traded fund’s stock worth $1,655,000 after buying an additional 262 shares during the period. Finally, Endowment Wealth Management Inc. increased its stake in shares of Alerian MLP ETF by 1.9% in the second quarter. Endowment Wealth Management Inc. now owns 14,459 shares of the exchange traded fund’s stock worth $694,000 after buying an additional 268 shares during the period.

Alerian MLP ETF Stock Down 0.1 %

Shares of NYSEARCA AMLP opened at $47.55 on Wednesday. Alerian MLP ETF has a 52 week low of $40.03 and a 52 week high of $49.44. The firm’s fifty day moving average is $47.21 and its 200 day moving average is $46.96. The company has a market cap of $8.55 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48.

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.