Alerian MLP ETF (NYSEARCA:AMLP) is Naviter Wealth LLC’s Largest Position

Naviter Wealth LLC raised its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 19.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 556,286 shares of the exchange traded fund’s stock after buying an additional 89,904 shares during the quarter. Alerian MLP ETF makes up approximately 4.8% of Naviter Wealth LLC’s holdings, making the stock its largest holding. Naviter Wealth LLC’s holdings in Alerian MLP ETF were worth $23,653,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. TIAA Trust National Association acquired a new stake in shares of Alerian MLP ETF during the 3rd quarter valued at approximately $42,485,000. International Assets Investment Management LLC raised its position in shares of Alerian MLP ETF by 3,469.7% during the 4th quarter. International Assets Investment Management LLC now owns 1,015,120 shares of the exchange traded fund’s stock valued at $431,630,000 after acquiring an additional 986,683 shares in the last quarter. Wright Fund Management LLC acquired a new stake in shares of Alerian MLP ETF during the 3rd quarter valued at approximately $37,355,000. Ameriprise Financial Inc. grew its stake in Alerian MLP ETF by 58.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,030,729 shares of the exchange traded fund’s stock worth $43,522,000 after buying an additional 380,025 shares during the last quarter. Finally, Advisors Preferred LLC bought a new position in Alerian MLP ETF during the 3rd quarter worth $10,598,000.

Alerian MLP ETF Stock Performance

Shares of NYSEARCA:AMLP traded up $0.08 on Monday, hitting $47.60. The company’s stock had a trading volume of 449,470 shares, compared to its average volume of 1,250,604. The company has a market capitalization of $8.47 billion, a price-to-earnings ratio of 12.87 and a beta of 0.51. The stock’s 50-day moving average is $46.71 and its two-hundred day moving average is $44.27. Alerian MLP ETF has a 12 month low of $37.06 and a 12 month high of $48.48.

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.