Cyndeo Wealth Partners LLC Grows Stock Position in Alerian MLP ETF (NYSEARCA:AMLP)

Cyndeo Wealth Partners LLC grew its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 65.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 106,694 shares of the exchange traded fund’s stock after buying an additional 42,290 shares during the period. Cyndeo Wealth Partners LLC’s holdings in Alerian MLP ETF were worth $5,138,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Park Avenue Securities LLC raised its position in shares of Alerian MLP ETF by 38.8% in the 4th quarter. Park Avenue Securities LLC now owns 32,525 shares of the exchange traded fund’s stock valued at $1,566,000 after purchasing an additional 9,088 shares during the last quarter. Farther Finance Advisors LLC increased its stake in Alerian MLP ETF by 532.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 19,668 shares of the exchange traded fund’s stock valued at $927,000 after purchasing an additional 16,560 shares in the last quarter. Advisors Asset Management Inc. purchased a new position in shares of Alerian MLP ETF in the third quarter worth $65,000. Regency Capital Management Inc. DE lifted its stake in shares of Alerian MLP ETF by 173.7% during the third quarter. Regency Capital Management Inc. DE now owns 98,179 shares of the exchange traded fund’s stock worth $4,627,000 after buying an additional 62,304 shares during the period. Finally, Silver Lake Advisory LLC acquired a new stake in shares of Alerian MLP ETF during the second quarter worth $236,000.

Alerian MLP ETF Price Performance

NYSEARCA AMLP opened at $52.10 on Friday. The company has a market cap of $9.37 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. The stock’s fifty day moving average price is $49.45 and its 200 day moving average price is $48.01. Alerian MLP ETF has a 1 year low of $43.02 and a 1 year high of $52.82.

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.