Alerian MLP ETF $AMLP Shares Purchased by Continuum Advisory LLC

Continuum Advisory LLC raised its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 17.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 94,936 shares of the exchange traded fund’s stock after acquiring an additional 14,133 shares during the quarter. Continuum Advisory LLC’s holdings in Alerian MLP ETF were worth $4,997,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Pasadena Private Wealth LLC purchased a new position in shares of Alerian MLP ETF during the 1st quarter valued at approximately $207,000. DDFG Inc boosted its holdings in Alerian MLP ETF by 5.7% during the first quarter. DDFG Inc now owns 14,351 shares of the exchange traded fund’s stock worth $755,000 after buying an additional 775 shares in the last quarter. Patriot Financial Group Insurance Agency LLC grew its position in Alerian MLP ETF by 100.0% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 22,300 shares of the exchange traded fund’s stock valued at $1,174,000 after buying an additional 11,150 shares during the period. Madison Park Capital Advisors LLC grew its position in Alerian MLP ETF by 13.6% during the first quarter. Madison Park Capital Advisors LLC now owns 77,390 shares of the exchange traded fund’s stock valued at $4,074,000 after buying an additional 9,284 shares during the period. Finally, Janney Montgomery Scott LLC increased its holdings in Alerian MLP ETF by 10.7% in the first quarter. Janney Montgomery Scott LLC now owns 549,908 shares of the exchange traded fund’s stock valued at $28,947,000 after buying an additional 52,941 shares in the last quarter.

Alerian MLP ETF Stock Performance

Shares of Alerian MLP ETF stock opened at $51.44 on Monday. The firm has a 50-day simple moving average of $52.54 and a two-hundred day simple moving average of $51.10. Alerian MLP ETF has a fifty-two week low of $44.64 and a fifty-two week high of $55.22. The company has a market cap of $12.00 billion, a P/E ratio of 14.17 and a beta of 0.50.

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).