Alerian MLP ETF (NYSEARCA:AMLP) Shares Purchased by HFG Wealth Management LLC

HFG Wealth Management LLC increased its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 5.5% in the 4th quarter, HoldingsChannel reports. The fund owned 32,730 shares of the exchange traded fund’s stock after purchasing an additional 1,699 shares during the quarter. Alerian MLP ETF makes up approximately 1.0% of HFG Wealth Management LLC’s holdings, making the stock its 24th biggest holding. HFG Wealth Management LLC’s holdings in Alerian MLP ETF were worth $1,543,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC purchased a new position in Alerian MLP ETF in the third quarter valued at $28,000. City State Bank acquired a new position in shares of Alerian MLP ETF during the fourth quarter worth $40,000. Massmutual Trust Co. FSB ADV purchased a new position in shares of Alerian MLP ETF in the 3rd quarter valued at about $40,000. ORG Wealth Partners LLC purchased a new position in shares of Alerian MLP ETF in the 3rd quarter valued at $41,000. Finally, Advisors Asset Management Inc. acquired a new position in Alerian MLP ETF during the third quarter worth approximately $65,000.

Alerian MLP ETF Price Performance

Shares of NYSEARCA:AMLP traded up $0.31 on Monday, reaching $49.49. The company’s stock had a trading volume of 805,341 shares, compared to its average volume of 1,113,540. The stock’s 50-day moving average is $48.71 and its two-hundred day moving average is $47.78. The stock has a market capitalization of $8.90 billion, a P/E ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a 52-week low of $42.25 and a 52-week high of $51.47.

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.