Proficio Capital Partners LLC Acquires 42,718 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

Proficio Capital Partners LLC raised its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 11.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 402,767 shares of the exchange traded fund’s stock after purchasing an additional 42,718 shares during the quarter. Alerian MLP ETF accounts for approximately 1.9% of Proficio Capital Partners LLC’s portfolio, making the stock its 11th largest position. Proficio Capital Partners LLC’s holdings in Alerian MLP ETF were worth $18,982,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of AMLP. Russell Investments Group Ltd. bought a new stake in Alerian MLP ETF during the 1st quarter valued at $27,000. Asset Dedication LLC grew its stake in shares of Alerian MLP ETF by 1,244.0% in the 2nd quarter. Asset Dedication LLC now owns 672 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 622 shares in the last quarter. Massmutual Trust Co. FSB ADV bought a new stake in shares of Alerian MLP ETF in the 3rd quarter worth $40,000. ORG Wealth Partners LLC bought a new stake in shares of Alerian MLP ETF in the 3rd quarter worth $41,000. Finally, Strategic Financial Concepts LLC bought a new stake in shares of Alerian MLP ETF in the 2nd quarter worth $49,000.

Alerian MLP ETF Price Performance

NYSEARCA AMLP opened at $48.18 on Friday. Alerian MLP ETF has a 1 year low of $41.06 and a 1 year high of $49.44. The firm has a market cap of $8.67 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. The company has a fifty day moving average price of $47.15 and a 200-day moving average price of $47.05.

Alerian MLP ETF 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.