Gateway Wealth Partners LLC Grows Stock Holdings in Alerian MLP ETF $AMLP

Gateway Wealth Partners LLC increased its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 2,756.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 294,910 shares of the exchange traded fund’s stock after purchasing an additional 284,586 shares during the quarter. Alerian MLP ETF makes up about 1.9% of Gateway Wealth Partners LLC’s holdings, making the stock its 4th biggest position. Gateway Wealth Partners LLC owned approximately 0.13% of Alerian MLP ETF worth $13,840,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AMLP. Mid American Wealth Advisory Group Inc. bought a new position in shares of Alerian MLP ETF in the second quarter valued at approximately $29,000. Manchester Capital Management LLC bought a new stake in Alerian MLP ETF during the second quarter worth $29,000. GAMMA Investing LLC boosted its position in Alerian MLP ETF by 213.9% in the third quarter. GAMMA Investing LLC now owns 653 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 445 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. grew its stake in Alerian MLP ETF by 136.3% in the 3rd quarter. MJT & Associates Financial Advisory Group Inc. now owns 945 shares of the exchange traded fund’s stock valued at $44,000 after purchasing an additional 545 shares during the period. Finally, HM Payson & Co. bought a new position in Alerian MLP ETF in the 3rd quarter valued at $47,000.

Alerian MLP ETF Price Performance

NYSEARCA AMLP opened at $50.68 on Friday. The business’s fifty day moving average is $48.22 and its 200-day moving average is $47.74. The stock has a market capitalization of $11.42 billion, a price-to-earnings ratio of 14.17 and a beta of 0.70. Alerian MLP ETF has a one year low of $43.75 and a one year high of $52.93.

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).