Providence First Trust Co Boosts Stake in Alerian MLP ETF $AMLP

Providence First Trust Co raised its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 32.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 53,253 shares of the exchange traded fund’s stock after buying an additional 13,166 shares during the quarter. Alerian MLP ETF comprises about 0.9% of Providence First Trust Co’s investment portfolio, making the stock its 24th biggest position. Providence First Trust Co’s holdings in Alerian MLP ETF were worth $2,504,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Orion Porfolio Solutions LLC lifted its position in shares of Alerian MLP ETF by 326.3% in the second quarter. Orion Porfolio Solutions LLC now owns 1,039,696 shares of the exchange traded fund’s stock valued at $50,800,000 after acquiring an additional 795,787 shares in the last quarter. Assetmark Inc. increased its position in Alerian MLP ETF by 1,024.7% during the 3rd quarter. Assetmark Inc. now owns 716,978 shares of the exchange traded fund’s stock worth $33,648,000 after purchasing an additional 653,230 shares in the last quarter. US Bancorp DE raised its stake in Alerian MLP ETF by 57.6% in the 3rd quarter. US Bancorp DE now owns 1,197,958 shares of the exchange traded fund’s stock valued at $56,220,000 after purchasing an additional 437,947 shares during the last quarter. Allen Investment Management LLC raised its stake in Alerian MLP ETF by 9.1% in the 3rd quarter. Allen Investment Management LLC now owns 3,501,325 shares of the exchange traded fund’s stock valued at $164,317,000 after purchasing an additional 291,011 shares during the last quarter. Finally, Gateway Wealth Partners LLC lifted its holdings in Alerian MLP ETF by 2,756.5% in the 3rd quarter. Gateway Wealth Partners LLC now owns 294,910 shares of the exchange traded fund’s stock valued at $13,840,000 after purchasing an additional 284,586 shares in the last quarter.

Alerian MLP ETF Price Performance

Alerian MLP ETF stock opened at $53.90 on Wednesday. Alerian MLP ETF has a 12-month low of $44.64 and a 12-month high of $54.25. The stock has a market capitalization of $12.57 billion, a P/E ratio of 14.17 and a beta of 0.52. The firm’s 50-day moving average is $52.40 and its two-hundred day moving average is $49.58.

About Alerian MLP ETF

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. The Index is comprised of 25 energy infrastructure MLPs. The fund will invest at least 90% of its total assets in securities, which comprise the Index (or depositary receipts based on such securities).