WMG Financial Advisors LLC Grows Stock Position in Alerian MLP ETF $AMLP

WMG Financial Advisors LLC increased its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 11.5% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 29,526 shares of the exchange traded fund’s stock after purchasing an additional 3,050 shares during the quarter. WMG Financial Advisors LLC’s holdings in Alerian MLP ETF were worth $1,443,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Nova Wealth Management Inc. purchased a new stake in shares of Alerian MLP ETF in the 2nd quarter worth about $28,000. Headlands Technologies LLC purchased a new stake in shares of Alerian MLP ETF in the 1st quarter worth about $31,000. Golden State Wealth Management LLC purchased a new stake in shares of Alerian MLP ETF in the 1st quarter worth about $34,000. Copia Wealth Management purchased a new stake in shares of Alerian MLP ETF in the 1st quarter worth about $38,000. Finally, Crews Bank & Trust purchased a new stake in shares of Alerian MLP ETF in the 2nd quarter worth about $39,000.

Alerian MLP ETF Stock Down 1.5%

Alerian MLP ETF stock opened at $45.64 on Friday. The firm’s 50-day simple moving average is $47.83 and its 200 day simple moving average is $48.43. Alerian MLP ETF has a 52 week low of $43.75 and a 52 week high of $53.24. The firm has a market capitalization of $10.00 billion, a PE ratio of 14.17 and a beta of 1.42.

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.