Wealth Alliance LLC Has $13.36 Million Stock Position in Alerian MLP ETF $AMLP

Wealth Alliance LLC increased its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 1.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 273,326 shares of the exchange traded fund’s stock after purchasing an additional 2,627 shares during the period. Alerian MLP ETF makes up approximately 1.5% of Wealth Alliance LLC’s investment portfolio, making the stock its 12th largest holding. Wealth Alliance LLC owned about 0.13% of Alerian MLP ETF worth $13,355,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AMLP. Allen Investment Management LLC boosted its holdings in Alerian MLP ETF by 31.7% during the first quarter. Allen Investment Management LLC now owns 3,080,512 shares of the exchange traded fund’s stock worth $160,002,000 after buying an additional 740,605 shares during the last quarter. LPL Financial LLC boosted its stake in Alerian MLP ETF by 15.6% during the 1st quarter. LPL Financial LLC now owns 3,238,970 shares of the exchange traded fund’s stock worth $168,232,000 after acquiring an additional 437,947 shares during the last quarter. Raymond James Financial Inc. boosted its stake in Alerian MLP ETF by 18.6% during the 1st quarter. Raymond James Financial Inc. now owns 2,563,333 shares of the exchange traded fund’s stock worth $133,140,000 after acquiring an additional 401,133 shares during the last quarter. B&D White Capital Company LLC grew its holdings in Alerian MLP ETF by 509.4% during the first quarter. B&D White Capital Company LLC now owns 304,679 shares of the exchange traded fund’s stock valued at $15,825,000 after purchasing an additional 254,679 shares during the period. Finally, New Harbor Financial Group LLC increased its stake in Alerian MLP ETF by 89.2% in the first quarter. New Harbor Financial Group LLC now owns 465,660 shares of the exchange traded fund’s stock valued at $24,186,000 after purchasing an additional 219,589 shares in the last quarter.

Alerian MLP ETF Stock Performance

AMLP opened at $47.47 on Wednesday. The firm’s fifty day moving average is $46.86 and its two-hundred day moving average is $48.02. The firm has a market cap of $10.42 billion, a PE ratio of 14.17 and a beta of 0.70. Alerian MLP ETF has a twelve month low of $43.75 and a twelve month 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.