Proficio Capital Partners LLC Has $32.25 Million Stock Position in Alerian MLP ETF $AMLP

Proficio Capital Partners LLC boosted its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 1.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 621,953 shares of the exchange traded fund’s stock after buying an additional 11,616 shares during the period. Alerian MLP ETF makes up about 1.2% of Proficio Capital Partners LLC’s investment portfolio, making the stock its 19th largest position. Proficio Capital Partners LLC owned about 0.26% of Alerian MLP ETF worth $32,248,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of AMLP. Hollencrest Capital Management acquired a new stake in shares of Alerian MLP ETF in the second quarter worth $35,000. Global Trust Asset Management LLC raised its stake in Alerian MLP ETF by 600.0% during the 1st quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock valued at $37,000 after purchasing an additional 600 shares during the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in Alerian MLP ETF during the 4th quarter valued at $57,000. Palladiem LLC acquired a new position in Alerian MLP ETF during the 4th quarter valued at $60,000. Finally, BROOKFIELD Corp ON bought a new stake in Alerian MLP ETF in the 2nd quarter valued at $65,000.

Alerian MLP ETF Price Performance

Shares of Alerian MLP ETF stock opened at $55.59 on Tuesday. The company has a market cap of $13.06 billion, a PE ratio of 14.17 and a beta of 0.50. The firm has a fifty day moving average price of $53.96 and a two-hundred day moving average price of $52.98. Alerian MLP ETF has a fifty-two week low of $44.64 and a fifty-two week high of $55.66.

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).