Kingsview Wealth Management LLC Acquires 4,250 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

Kingsview Wealth Management LLC lifted its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 4.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 98,053 shares of the exchange traded fund’s stock after purchasing an additional 4,250 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Alerian MLP ETF were worth $4,722,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Ashton Thomas Securities LLC bought a new position in Alerian MLP ETF in the third quarter valued at approximately $28,000. City State Bank bought a new position in Alerian MLP ETF in the fourth quarter valued at approximately $40,000. ORG Wealth Partners LLC bought a new position in Alerian MLP ETF in the third quarter valued at approximately $41,000. Advisors Asset Management Inc. bought a new position in Alerian MLP ETF in the third quarter valued at approximately $65,000. Finally, Rosenberg Matthew Hamilton increased its stake in Alerian MLP ETF by 803.5% in the third quarter. Rosenberg Matthew Hamilton now owns 1,545 shares of the exchange traded fund’s stock valued at $73,000 after acquiring an additional 1,374 shares during the last quarter.

Alerian MLP ETF Price Performance

Shares of NYSEARCA:AMLP opened at $52.18 on Friday. The company’s 50 day simple moving average is $49.98 and its 200 day simple moving average is $48.25. The stock has a market capitalization of $9.39 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a 1 year low of $43.02 and a 1 year high of $53.24.

Alerian MLP ETF Company 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.