Kingsview Wealth Management LLC Raises Holdings in Alerian MLP ETF (NYSEARCA:AMLP)

Kingsview Wealth Management LLC boosted its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 25.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 93,803 shares of the exchange traded fund’s stock after acquiring an additional 19,023 shares during the quarter. Kingsview Wealth Management LLC owned 0.05% of Alerian MLP ETF worth $4,421,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of AMLP. Russell Investments Group Ltd. purchased a new stake in Alerian MLP ETF during the 1st quarter valued at about $27,000. Ashton Thomas Securities LLC bought a new position in Alerian MLP ETF during the 3rd quarter valued at approximately $28,000. Asset Dedication LLC raised its position in Alerian MLP ETF by 1,244.0% during the 2nd quarter. Asset Dedication LLC now owns 672 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 622 shares during the last quarter. Massmutual Trust Co. FSB ADV bought a new position in Alerian MLP ETF during the 3rd quarter valued at approximately $40,000. Finally, ORG Wealth Partners LLC bought a new position in Alerian MLP ETF during the 3rd quarter valued at approximately $41,000.

Alerian MLP ETF Price Performance

AMLP opened at $49.63 on Friday. The business has a 50 day simple moving average of $47.45 and a two-hundred day simple moving average of $47.12. The firm has a market capitalization of $8.93 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a one year low of $41.06 and a one year high of $49.67.

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.