Fortress Financial Solutions LLC Purchases Shares of 18,606 Alerian MLP ETF $AMLP

Fortress Financial Solutions LLC acquired a new position in Alerian MLP ETF (NYSEARCA:AMLP) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 18,606 shares of the exchange traded fund’s stock, valued at approximately $979,000. Alerian MLP ETF comprises 1.0% of Fortress Financial Solutions LLC’s portfolio, making the stock its 24th biggest position.

A number of other hedge funds have also recently made changes to their positions in the business. AMG National Trust Bank bought a new position in shares of Alerian MLP ETF during the 1st quarter valued at $811,000. Objective Capital Management LLC bought a new stake in Alerian MLP ETF in the first quarter worth $259,000. Castleview Partners LLC lifted its stake in Alerian MLP ETF by 26.2% in the first quarter. Castleview Partners LLC now owns 9,504 shares of the exchange traded fund’s stock worth $500,000 after purchasing an additional 1,972 shares during the last quarter. Fifth Third Bancorp boosted its position in Alerian MLP ETF by 3,787.6% during the first quarter. Fifth Third Bancorp now owns 120,554 shares of the exchange traded fund’s stock valued at $6,346,000 after buying an additional 117,453 shares during the period. Finally, Ball & Co Wealth Management Inc. boosted its position in Alerian MLP ETF by 3.4% during the first quarter. Ball & Co Wealth Management Inc. now owns 151,234 shares of the exchange traded fund’s stock valued at $7,960,000 after buying an additional 4,937 shares during the period.

Alerian MLP ETF Trading Up 1.9%

Shares of NYSEARCA:AMLP opened at $53.69 on Tuesday. The stock’s 50-day moving average price is $52.61 and its 200-day moving average price is $51.51. Alerian MLP ETF has a 12-month low of $44.64 and a 12-month high of $55.22. The stock has a market capitalization of $12.64 billion, a P/E ratio of 14.17 and a beta of 0.50.

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).