NewEdge Advisors LLC Boosts Stock Position in Alerian MLP ETF $AMLP

NewEdge Advisors LLC lifted its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 38.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 557,518 shares of the exchange traded fund’s stock after buying an additional 153,401 shares during the quarter. NewEdge Advisors LLC owned approximately 0.24% of Alerian MLP ETF worth $29,348,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Global Trust Asset Management LLC lifted its holdings in Alerian MLP ETF by 600.0% during the first 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 in the last quarter. Flagship Harbor Advisors LLC purchased a new stake in shares of Alerian MLP ETF during the fourth quarter worth about $43,000. Whittier Trust Co. of Nevada Inc. raised its position in shares of Alerian MLP ETF by 800.0% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,125 shares of the exchange traded fund’s stock worth $53,000 after purchasing an additional 1,000 shares during the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in shares of Alerian MLP ETF during the 4th quarter worth about $57,000. Finally, Palladiem LLC purchased a new position in Alerian MLP ETF in the 4th quarter valued at about $60,000.

Alerian MLP ETF Trading Down 1.2%

NYSEARCA:AMLP opened at $54.36 on Friday. The stock has a 50 day moving average of $52.96 and a two-hundred day moving average of $52.39. Alerian MLP ETF has a 12 month low of $44.64 and a 12 month high of $55.62. The firm has a market cap of $12.77 billion, a P/E ratio of 14.17 and a beta of 0.50.

Alerian MLP ETF Company Profile

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).