Endowment Wealth Management Inc. Purchases 590 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

Endowment Wealth Management Inc. lifted its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 4.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,049 shares of the exchange traded fund’s stock after buying an additional 590 shares during the period. Endowment Wealth Management Inc.’s holdings in Alerian MLP ETF were worth $709,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of AMLP. Aurora Private Wealth Inc. boosted its holdings in Alerian MLP ETF by 0.7% during the 2nd quarter. Aurora Private Wealth Inc. now owns 29,265 shares of the exchange traded fund’s stock valued at $1,404,000 after acquiring an additional 208 shares during the period. Cypress Wealth Services LLC lifted its position in shares of Alerian MLP ETF by 3.7% in the third quarter. Cypress Wealth Services LLC now owns 6,021 shares of the exchange traded fund’s stock worth $284,000 after buying an additional 217 shares in the last quarter. Retirement Planning Group LLC raised its position in Alerian MLP ETF by 2.9% during the third quarter. Retirement Planning Group LLC now owns 7,830 shares of the exchange traded fund’s stock valued at $369,000 after purchasing an additional 218 shares during the period. Opal Wealth Advisors LLC grew its stake in Alerian MLP ETF by 2.7% in the third quarter. Opal Wealth Advisors LLC now owns 9,167 shares of the exchange traded fund’s stock worth $432,000 after purchasing an additional 242 shares in the last quarter. Finally, Mach 1 Financial Group LLC boosted its position in Alerian MLP ETF by 2.4% during the 3rd quarter. Mach 1 Financial Group LLC now owns 10,487 shares of the exchange traded fund’s stock valued at $494,000 after acquiring an additional 244 shares in the last quarter.

Alerian MLP ETF Stock Performance

NYSEARCA AMLP opened at $46.95 on Thursday. Alerian MLP ETF has a fifty-two week low of $41.06 and a fifty-two week high of $49.44. The firm has a market capitalization of $8.45 billion, a P/E ratio of 13.08 and a beta of 0.48. The stock has a 50-day simple moving average of $47.20 and a two-hundred day simple moving average of $47.06.

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.