Alerian MLP ETF (NYSEARCA:AMLP) Shares Acquired by Lake Hills Wealth Management LLC

Lake Hills Wealth Management LLC lifted its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 4.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 160,882 shares of the exchange traded fund’s stock after buying an additional 7,341 shares during the quarter. Alerian MLP ETF comprises 5.3% of Lake Hills Wealth Management LLC’s holdings, making the stock its 2nd biggest position. Lake Hills Wealth Management LLC’s holdings in Alerian MLP ETF were worth $7,748,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Bank of New York Mellon Corp raised its position in shares of Alerian MLP ETF by 6.3% in the second quarter. Bank of New York Mellon Corp now owns 7,285 shares of the exchange traded fund’s stock valued at $350,000 after buying an additional 433 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in Alerian MLP ETF by 2.0% in the second quarter. Thrivent Financial for Lutherans now owns 26,856 shares of the exchange traded fund’s stock valued at $1,289,000 after acquiring an additional 531 shares during the last quarter. Elgethun Capital Management raised its position in Alerian MLP ETF by 1.8% during the second quarter. Elgethun Capital Management now owns 162,503 shares of the exchange traded fund’s stock valued at $7,797,000 after purchasing an additional 2,872 shares in the last quarter. Brick & Kyle Associates lifted its stake in Alerian MLP ETF by 3.5% during the second quarter. Brick & Kyle Associates now owns 140,219 shares of the exchange traded fund’s stock worth $6,728,000 after purchasing an additional 4,738 shares during the last quarter. Finally, Silver Lake Advisory LLC acquired a new stake in shares of Alerian MLP ETF in the 2nd quarter valued at $236,000.

Alerian MLP ETF Stock Performance

Shares of AMLP opened at $51.95 on Thursday. Alerian MLP ETF has a 52-week low of $43.02 and a 52-week high of $52.82. The firm has a market cap of $9.34 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. The business’s fifty day moving average is $49.27 and its 200-day moving average is $47.96.

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.