Mills Wealth Advisors LLC Buys 9,673 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

Mills Wealth Advisors LLC grew its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 15.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 73,404 shares of the exchange traded fund’s stock after buying an additional 9,673 shares during the quarter. Alerian MLP ETF makes up 2.4% of Mills Wealth Advisors LLC’s portfolio, making the stock its 12th largest position. Mills Wealth Advisors LLC’s holdings in Alerian MLP ETF were worth $3,460,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMLP. Park Avenue Securities LLC increased its stake in shares of Alerian MLP ETF by 52.6% in the first quarter. Park Avenue Securities LLC now owns 21,335 shares of the exchange traded fund’s stock valued at $1,013,000 after buying an additional 7,351 shares in the last quarter. International Assets Investment Management LLC increased its stake in shares of Alerian MLP ETF by 2.4% in the first quarter. International Assets Investment Management LLC now owns 24,447 shares of the exchange traded fund’s stock valued at $1,161,000 after buying an additional 573 shares in the last quarter. Kingswood Wealth Advisors LLC increased its stake in shares of Alerian MLP ETF by 36.7% in the first quarter. Kingswood Wealth Advisors LLC now owns 10,104 shares of the exchange traded fund’s stock valued at $480,000 after buying an additional 2,714 shares in the last quarter. Sunbelt Securities Inc. increased its stake in shares of Alerian MLP ETF by 96.8% in the first quarter. Sunbelt Securities Inc. now owns 15,101 shares of the exchange traded fund’s stock valued at $717,000 after buying an additional 7,427 shares in the last quarter. Finally, G&S Capital LLC acquired a new stake in shares of Alerian MLP ETF in the first quarter valued at $2,694,000.

Alerian MLP ETF Price Performance

Shares of NYSEARCA:AMLP traded down $0.33 during midday trading on Monday, reaching $46.78. The company’s stock had a trading volume of 463,512 shares, compared to its average volume of 1,293,643. The business’s fifty day simple moving average is $46.93 and its 200-day simple moving average is $47.04. The company has a market capitalization of $8.41 billion, a P/E ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a fifty-two week low of $41.06 and a fifty-two week high of $49.44.

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.