Alerian MLP ETF $AMLP Shares Acquired by SteelPeak Wealth LLC

SteelPeak Wealth LLC grew its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 2.4% during the second quarter, HoldingsChannel.com reports. The firm owned 81,301 shares of the exchange traded fund’s stock after purchasing an additional 1,923 shares during the period. SteelPeak Wealth LLC’s holdings in Alerian MLP ETF were worth $3,972,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nova Wealth Management Inc. acquired a new stake in Alerian MLP ETF during the second quarter worth about $28,000. Headlands Technologies LLC acquired a new stake in Alerian MLP ETF during the first quarter worth about $31,000. Golden State Wealth Management LLC acquired a new stake in Alerian MLP ETF during the first quarter worth about $34,000. Copia Wealth Management acquired a new stake in Alerian MLP ETF during the first quarter worth about $38,000. Finally, Crews Bank & Trust acquired a new stake in Alerian MLP ETF during the second quarter worth about $39,000.

Alerian MLP ETF Stock Down 0.8%

AMLP opened at $46.25 on Tuesday. The firm has a market cap of $10.14 billion, a price-to-earnings ratio of 14.17 and a beta of 1.42. Alerian MLP ETF has a fifty-two week low of $43.75 and a fifty-two week high of $53.24. The company’s 50-day moving average price is $48.05 and its 200 day moving average price is $48.50.

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.