Commonwealth Equity Services LLC Grows Stake in Alerian MLP ETF (NYSEARCA:AMLP)

Commonwealth Equity Services LLC boosted its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 29.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 826,887 shares of the exchange traded fund’s stock after acquiring an additional 189,104 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Alerian MLP ETF were worth $35,159,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Essex Financial Services Inc. grew its stake in shares of Alerian MLP ETF by 5.3% during the 4th quarter. Essex Financial Services Inc. now owns 56,840 shares of the exchange traded fund’s stock valued at $2,417,000 after purchasing an additional 2,870 shares during the period. Mach 1 Financial Group LLC grew its position in Alerian MLP ETF by 25.0% during the fourth quarter. Mach 1 Financial Group LLC now owns 10,230 shares of the exchange traded fund’s stock valued at $435,000 after buying an additional 2,047 shares during the period. Fernwood Investment Management LLC purchased a new stake in Alerian MLP ETF during the fourth quarter valued at approximately $253,000. Naviter Wealth LLC raised its position in Alerian MLP ETF by 19.3% in the fourth quarter. Naviter Wealth LLC now owns 556,286 shares of the exchange traded fund’s stock worth $23,653,000 after acquiring an additional 89,904 shares during the period. Finally, Flaharty Asset Management LLC boosted its stake in shares of Alerian MLP ETF by 7.3% during the 4th quarter. Flaharty Asset Management LLC now owns 37,663 shares of the exchange traded fund’s stock worth $1,601,000 after acquiring an additional 2,559 shares during the last quarter.

Alerian MLP ETF Price Performance

NYSEARCA:AMLP opened at $47.30 on Friday. Alerian MLP ETF has a one year low of $37.06 and a one year high of $48.48. The business has a fifty day moving average price of $46.86 and a 200-day moving average price of $44.42. The firm has a market capitalization of $8.51 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48.

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.