Avidian Wealth Solutions LLC Grows Stock Position in Alerian MLP ETF (NYSEARCA:AMLP)

Avidian Wealth Solutions LLC raised its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 4.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,482 shares of the exchange traded fund’s stock after acquiring an additional 589 shares during the period. Avidian Wealth Solutions LLC’s holdings in Alerian MLP ETF were worth $616,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Sapient Capital LLC purchased a new stake in Alerian MLP ETF in the 4th quarter valued at about $381,000. U.S. Capital Wealth Advisors LLC increased its holdings in Alerian MLP ETF by 26.7% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 60,326 shares of the exchange traded fund’s stock worth $2,565,000 after purchasing an additional 12,713 shares during the period. Benjamin F. Edwards & Company Inc. boosted its stake in Alerian MLP ETF by 52.1% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 14,258 shares of the exchange traded fund’s stock valued at $606,000 after acquiring an additional 4,886 shares in the last quarter. Commonwealth Equity Services LLC increased its position in shares of Alerian MLP ETF by 29.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 826,887 shares of the exchange traded fund’s stock worth $35,159,000 after purchasing an additional 189,104 shares in the last quarter. Finally, Essex Financial Services Inc. lifted its holdings 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 last quarter.

Alerian MLP ETF Stock Performance

AMLP stock traded up $0.02 on Monday, hitting $47.32. 660,257 shares of the company’s stock were exchanged, compared to its average volume of 1,264,382. The firm has a 50 day moving average price of $46.86 and a two-hundred day moving average price of $44.43. Alerian MLP ETF has a 12-month low of $37.06 and a 12-month high of $48.48. The stock has a market cap of $8.51 billion, a P/E ratio of 13.08 and a beta of 0.48.

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.