Alerian MLP ETF (NYSEARCA:AMLP) is Summit Financial Wealth Advisors LLC’s 9th Largest Position

Summit Financial Wealth Advisors LLC grew its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 0.5% during the third quarter, HoldingsChannel reports. The firm owned 305,127 shares of the exchange traded fund’s stock after buying an additional 1,635 shares during the period. Alerian MLP ETF accounts for approximately 2.7% of Summit Financial Wealth Advisors LLC’s holdings, making the stock its 9th largest holding. Summit Financial Wealth Advisors LLC’s holdings in Alerian MLP ETF were worth $14,381,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Russell Investments Group Ltd. purchased a new stake in Alerian MLP ETF during the 1st quarter worth approximately $27,000. O Shaughnessy Asset Management LLC grew its position in shares of Alerian MLP ETF by 44.2% during the first quarter. O Shaughnessy Asset Management LLC now owns 3,399 shares of the exchange traded fund’s stock worth $161,000 after buying an additional 1,042 shares in the last quarter. BOKF NA increased its stake in shares of Alerian MLP ETF by 23.8% in the first quarter. BOKF NA now owns 11,445 shares of the exchange traded fund’s stock worth $544,000 after buying an additional 2,200 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in Alerian MLP ETF by 33.1% in the first quarter. B. Riley Wealth Advisors Inc. now owns 65,719 shares of the exchange traded fund’s stock valued at $3,119,000 after acquiring an additional 16,334 shares in the last quarter. Finally, Jaffetilchin Investment Partners LLC boosted its stake in Alerian MLP ETF by 334.1% during the 1st quarter. Jaffetilchin Investment Partners LLC now owns 62,875 shares of the exchange traded fund’s stock valued at $2,984,000 after acquiring an additional 48,391 shares during the last quarter.

Alerian MLP ETF Price Performance

Shares of AMLP stock opened at $49.16 on Tuesday. The firm has a market cap of $8.84 billion, a P/E ratio of 13.08 and a beta of 0.48. The firm has a fifty day moving average of $47.48 and a two-hundred day moving average of $47.13. Alerian MLP ETF has a 1-year low of $41.06 and a 1-year high of $49.90.

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.