Genesis Financial Group LLC Invests $1.04 Million in Alerian MLP ETF $AMLP

Genesis Financial Group LLC bought a new position in Alerian MLP ETF (NYSEARCA:AMLP) during the 1st quarter, HoldingsChannel reports. The fund bought 19,742 shares of the exchange traded fund’s stock, valued at approximately $1,039,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AMLP. Intrinsic Edge Capital Management LLC grew its holdings in Alerian MLP ETF by 11.1% in the 1st quarter. Intrinsic Edge Capital Management LLC now owns 100,000 shares of the exchange traded fund’s stock worth $5,264,000 after acquiring an additional 10,000 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Alerian MLP ETF during the first quarter valued at about $712,000. Arkadios Wealth Advisors raised its stake in shares of Alerian MLP ETF by 23.6% during the first quarter. Arkadios Wealth Advisors now owns 37,309 shares of the exchange traded fund’s stock valued at $1,964,000 after acquiring an additional 7,124 shares during the last quarter. Arete Wealth Advisors LLC boosted its holdings in shares of Alerian MLP ETF by 16.1% during the first quarter. Arete Wealth Advisors LLC now owns 11,551 shares of the exchange traded fund’s stock worth $608,000 after purchasing an additional 1,606 shares during the period. Finally, Sunbelt Securities Inc. boosted its holdings in shares of Alerian MLP ETF by 10.4% during the first quarter. Sunbelt Securities Inc. now owns 18,499 shares of the exchange traded fund’s stock worth $974,000 after purchasing an additional 1,737 shares during the period.

Alerian MLP ETF Price Performance

NYSEARCA AMLP opened at $54.82 on Thursday. The stock has a market capitalization of $12.87 billion, a PE ratio of 14.17 and a beta of 0.50. Alerian MLP ETF has a 1 year low of $44.64 and a 1 year high of $55.62. The business’s 50-day moving average is $52.75 and its 200 day moving average is $52.12.

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).