Nations Financial Group Inc. IA ADV Has $3.51 Million Position in Alerian MLP ETF $AMLP

Nations Financial Group Inc. IA ADV boosted its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 170.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 66,597 shares of the exchange traded fund’s stock after acquiring an additional 41,940 shares during the period. Nations Financial Group Inc. IA ADV’s holdings in Alerian MLP ETF were worth $3,506,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Empirical Asset Management LLC acquired a new stake in shares of Alerian MLP ETF during the 3rd quarter worth about $735,000. Algorithmic Investment Models LLC boosted its holdings in shares of Alerian MLP ETF by 21.4% during the 3rd quarter. Algorithmic Investment Models LLC now owns 107,951 shares of the exchange traded fund’s stock worth $5,066,000 after buying an additional 19,039 shares during the period. Evexia Wealth LLC grew its stake in Alerian MLP ETF by 76.6% in the 4th quarter. Evexia Wealth LLC now owns 34,676 shares of the exchange traded fund’s stock valued at $1,703,000 after buying an additional 15,039 shares during the last quarter. Citigroup Inc. grew its stake in Alerian MLP ETF by 19.1% in the 3rd quarter. Citigroup Inc. now owns 163,874 shares of the exchange traded fund’s stock valued at $7,691,000 after buying an additional 26,242 shares during the last quarter. Finally, Hollow Brook Wealth Management LLC acquired a new position in Alerian MLP ETF in the 3rd quarter valued at about $817,000.

Alerian MLP ETF Price Performance

Alerian MLP ETF stock opened at $50.67 on Monday. The company’s 50-day moving average price is $52.63 and its two-hundred day moving average price is $50.98. The stock has a market cap of $11.82 billion, a P/E ratio of 14.17 and a beta of 0.50. Alerian MLP ETF has a twelve month low of $44.64 and a twelve month high of $55.22.

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. 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).