Alerian MLP ETF $AMLP Shares Bought by Newbridge Financial Services Group Inc.

Newbridge Financial Services Group Inc. lifted its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 880.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,417 shares of the exchange traded fund’s stock after purchasing an additional 12,049 shares during the period. Newbridge Financial Services Group Inc.’s holdings in Alerian MLP ETF were worth $656,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AMLP. Kingswood Wealth Advisors LLC boosted its stake in Alerian MLP ETF by 7.7% during the second quarter. Kingswood Wealth Advisors LLC now owns 38,622 shares of the exchange traded fund’s stock worth $1,887,000 after buying an additional 2,775 shares during the last quarter. Americana Partners LLC raised its holdings in shares of Alerian MLP ETF by 68.8% during the 2nd quarter. Americana Partners LLC now owns 21,758 shares of the exchange traded fund’s stock worth $1,063,000 after acquiring an additional 8,871 shares during the period. Parallel Advisors LLC boosted its position in shares of Alerian MLP ETF by 8.2% during the 2nd quarter. Parallel Advisors LLC now owns 7,558 shares of the exchange traded fund’s stock valued at $369,000 after acquiring an additional 572 shares during the last quarter. Allworth Financial LP grew its holdings in shares of Alerian MLP ETF by 30.1% in the second quarter. Allworth Financial LP now owns 289,212 shares of the exchange traded fund’s stock valued at $14,131,000 after purchasing an additional 66,989 shares during the period. Finally, Baker Avenue Asset Management LP acquired a new stake in Alerian MLP ETF during the second quarter worth about $1,700,000.

Alerian MLP ETF Price Performance

NYSEARCA:AMLP opened at $47.41 on Monday. The company’s 50-day moving average is $46.78 and its two-hundred day moving average is $47.81. Alerian MLP ETF has a 1-year low of $43.75 and a 1-year high of $53.24. The firm has a market capitalization of $10.40 billion, a price-to-earnings ratio of 14.17 and a beta of 0.70.

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.