Wealth Enhancement Advisory Services LLC Decreases Position in Alerian MLP ETF $AMLP

Wealth Enhancement Advisory Services LLC lessened its position in Alerian MLP ETF (NYSEARCA:AMLP) by 3.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 412,985 shares of the exchange traded fund’s stock after selling 16,273 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Alerian MLP ETF were worth $19,191,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Level Four Advisory Services LLC raised its holdings in Alerian MLP ETF by 1.0% in the 2nd quarter. Level Four Advisory Services LLC now owns 20,536 shares of the exchange traded fund’s stock worth $1,003,000 after acquiring an additional 210 shares during the last quarter. Opal Wealth Advisors LLC increased its holdings in shares of Alerian MLP ETF by 2.7% in the 3rd quarter. Opal Wealth Advisors LLC now owns 8,467 shares of the exchange traded fund’s stock worth $397,000 after purchasing an additional 221 shares in the last quarter. Ergawealth Advisors Inc. increased its holdings in shares of Alerian MLP ETF by 3.1% in the 2nd quarter. Ergawealth Advisors Inc. now owns 8,437 shares of the exchange traded fund’s stock worth $412,000 after purchasing an additional 250 shares in the last quarter. MBA Advisors LLC raised its stake in shares of Alerian MLP ETF by 1.1% in the second quarter. MBA Advisors LLC now owns 23,787 shares of the exchange traded fund’s stock worth $1,162,000 after purchasing an additional 254 shares during the last quarter. Finally, Fountainhead AM LLC lifted its holdings in shares of Alerian MLP ETF by 4.5% during the second quarter. Fountainhead AM LLC now owns 6,057 shares of the exchange traded fund’s stock valued at $296,000 after purchasing an additional 259 shares in the last quarter.

Alerian MLP ETF Price Performance

Alerian MLP ETF stock opened at $49.04 on Thursday. Alerian MLP ETF has a one year low of $43.75 and a one year high of $53.24. The business’s fifty day moving average is $47.49 and its 200 day moving average is $47.63. The stock has a market capitalization of $11.00 billion, a PE 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. The Index is comprised of 25 energy infrastructure MLPs. The fund will invest at least 90% of its total assets in securities, which comprise the Index (or depositary receipts based on such securities).