Westside Investment Management Inc. Purchases 911 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

Westside Investment Management Inc. raised its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 3.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,673 shares of the exchange traded fund’s stock after purchasing an additional 911 shares during the period. Westside Investment Management Inc.’s holdings in Alerian MLP ETF were worth $1,304,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. TD Private Client Wealth LLC raised its holdings in shares of Alerian MLP ETF by 25.0% in the third quarter. TD Private Client Wealth LLC now owns 7,468 shares of the exchange traded fund’s stock valued at $352,000 after acquiring an additional 1,493 shares in the last quarter. Fortem Financial Group LLC raised its holdings in shares of Alerian MLP ETF by 0.9% in the 3rd quarter. Fortem Financial Group LLC now owns 232,848 shares of the exchange traded fund’s stock valued at $10,974,000 after purchasing an additional 2,121 shares in the last quarter. Sunbelt Securities Inc. lifted its position in shares of Alerian MLP ETF by 13.3% in the 3rd quarter. Sunbelt Securities Inc. now owns 17,063 shares of the exchange traded fund’s stock worth $804,000 after purchasing an additional 2,006 shares during the period. Continuum Advisory LLC boosted its stake in shares of Alerian MLP ETF by 66.2% during the third quarter. Continuum Advisory LLC now owns 53,726 shares of the exchange traded fund’s stock valued at $2,549,000 after purchasing an additional 21,398 shares in the last quarter. Finally, MML Investors Services LLC increased its holdings in Alerian MLP ETF by 3.2% during the third quarter. MML Investors Services LLC now owns 136,731 shares of the exchange traded fund’s stock valued at $6,444,000 after buying an additional 4,247 shares during the period.

Alerian MLP ETF Stock Up 0.9 %

Shares of NYSEARCA:AMLP opened at $49.14 on Thursday. The firm has a 50 day moving average of $48.14 and a 200 day moving average of $47.43. The company has a market capitalization of $8.84 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a 52 week low of $41.06 and a 52 week high of $51.47.

Alerian MLP ETF Company 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.