Wells Fargo & Company MN Has $210.33 Million Position in Alerian MLP ETF (NYSEARCA:AMLP)

Wells Fargo & Company MN lifted its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 14.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,946,698 shares of the exchange traded fund’s stock after purchasing an additional 619,287 shares during the period. Wells Fargo & Company MN’s holdings in Alerian MLP ETF were worth $210,334,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Main Street Financial Solutions LLC lifted its stake in shares of Alerian MLP ETF by 2.9% in the 4th quarter. Main Street Financial Solutions LLC now owns 47,714 shares of the exchange traded fund’s stock valued at $2,029,000 after purchasing an additional 1,353 shares during the last quarter. Eagle Strategies LLC lifted its position in Alerian MLP ETF by 4.8% during the 3rd quarter. Eagle Strategies LLC now owns 85,320 shares of the exchange traded fund’s stock worth $3,601,000 after acquiring an additional 3,921 shares during the last quarter. Raymond James & Associates lifted its position in Alerian MLP ETF by 5.1% during the 4th quarter. Raymond James & Associates now owns 1,305,809 shares of the exchange traded fund’s stock worth $55,523,000 after acquiring an additional 63,053 shares during the last quarter. Ritholtz Wealth Management acquired a new position in Alerian MLP ETF during the 4th quarter worth $219,000. Finally, Aurora Private Wealth Inc. lifted its position in Alerian MLP ETF by 2.0% during the 4th quarter. Aurora Private Wealth Inc. now owns 28,729 shares of the exchange traded fund’s stock worth $1,222,000 after acquiring an additional 574 shares during the last quarter.

Alerian MLP ETF Stock Performance

NYSEARCA:AMLP opened at $46.26 on Wednesday. The company has a market cap of $8.32 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. The firm’s 50-day moving average is $47.03 and its 200-day moving average is $44.80. Alerian MLP ETF has a 52-week low of $37.36 and a 52-week high of $48.48.

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.