Alerian MLP ETF (NYSEARCA:AMLP) Shares Bought by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. lifted its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 33.1% in the first quarter, Holdings Channel.com reports. The institutional investor owned 65,719 shares of the exchange traded fund’s stock after purchasing an additional 16,334 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Alerian MLP ETF were worth $3,119,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Ritholtz Wealth Management acquired a new stake in Alerian MLP ETF during the fourth quarter valued at approximately $219,000. Blue Trust Inc. raised its holdings in shares of Alerian MLP ETF by 21.9% during the fourth quarter. Blue Trust Inc. now owns 5,618 shares of the exchange traded fund’s stock valued at $237,000 after acquiring an additional 1,008 shares during the period. Global Retirement Partners LLC raised its holdings in shares of Alerian MLP ETF by 57.8% during the fourth quarter. Global Retirement Partners LLC now owns 3,518 shares of the exchange traded fund’s stock valued at $152,000 after acquiring an additional 1,288 shares during the period. Wright Fund Management LLC raised its holdings in shares of Alerian MLP ETF by 5.2% during the fourth quarter. Wright Fund Management LLC now owns 931,640 shares of the exchange traded fund’s stock valued at $39,613,000 after acquiring an additional 46,440 shares during the period. Finally, Lake Hills Wealth Management LLC raised its holdings in shares of Alerian MLP ETF by 576.0% during the fourth quarter. Lake Hills Wealth Management LLC now owns 173,317 shares of the exchange traded fund’s stock valued at $7,369,000 after acquiring an additional 147,680 shares during the period.

Alerian MLP ETF Price Performance

AMLP stock opened at $48.08 on Thursday. Alerian MLP ETF has a 52-week low of $40.03 and a 52-week high of $49.44. The company’s 50 day simple moving average is $47.25 and its 200-day simple moving average is $46.42. The firm has a market capitalization of $8.65 billion, a P/E ratio of 13.08 and a beta of 0.48.

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.