Axxcess Wealth Management LLC Purchases New Position in Alerian MLP ETF (NYSEARCA:AMLP)

Axxcess Wealth Management LLC purchased a new stake in Alerian MLP ETF (NYSEARCA:AMLPGet Rating) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 14,407 shares of the exchange traded fund’s stock, valued at approximately $496,000.

Several other large investors have also added to or reduced their stakes in AMLP. Founders Capital Management bought a new position in Alerian MLP ETF in the 2nd quarter valued at about $28,000. Ancora Advisors LLC lifted its position in Alerian MLP ETF by 114.3% in the 1st quarter. Ancora Advisors LLC now owns 1,200 shares of the exchange traded fund’s stock valued at $37,000 after acquiring an additional 640 shares in the last quarter. Optimum Investment Advisors lifted its position in Alerian MLP ETF by 1,000.0% in the 2nd quarter. Optimum Investment Advisors now owns 1,100 shares of the exchange traded fund’s stock valued at $38,000 after acquiring an additional 1,000 shares in the last quarter. Better Money Decisions LLC bought a new position in Alerian MLP ETF in the 2nd quarter valued at about $38,000. Finally, Investors Asset Management of Georgia Inc. GA ADV bought a new position in Alerian MLP ETF in the 2nd quarter valued at about $48,000.

Alerian MLP ETF Price Performance

Alerian MLP ETF stock opened at $40.81 on Thursday. Alerian MLP ETF has a 52 week low of $30.04 and a 52 week high of $42.47. The company’s 50 day moving average price is $39.45 and its two-hundred day moving average price is $38.50.

Alerian MLP ETF Company Profile

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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.

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Institutional Ownership by Quarter for Alerian MLP ETF (NYSEARCA:AMLP)

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