Kingswood Wealth Advisors LLC Raises Stock Position in Alerian MLP ETF (NYSEARCA:AMLP)

Kingswood Wealth Advisors LLC lifted its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 26.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 20,056 shares of the exchange traded fund’s stock after buying an additional 4,210 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Alerian MLP ETF were worth $966,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. LPL Financial LLC increased its position in shares of Alerian MLP ETF by 13.0% during the third quarter. LPL Financial LLC now owns 2,399,962 shares of the exchange traded fund’s stock worth $113,110,000 after acquiring an additional 275,254 shares during the period. Raymond James & Associates boosted its stake in shares of Alerian MLP ETF by 2.4% during the third quarter. Raymond James & Associates now owns 1,061,519 shares of the exchange traded fund’s stock valued at $50,029,000 after purchasing an additional 24,674 shares in the last quarter. Stephens Inc. AR boosted its stake in shares of Alerian MLP ETF by 2.8% during the third quarter. Stephens Inc. AR now owns 984,226 shares of the exchange traded fund’s stock valued at $46,387,000 after purchasing an additional 26,882 shares in the last quarter. Naviter Wealth LLC boosted its stake in shares of Alerian MLP ETF by 14.2% during the third quarter. Naviter Wealth LLC now owns 877,080 shares of the exchange traded fund’s stock valued at $41,337,000 after purchasing an additional 108,804 shares in the last quarter. Finally, HighTower Advisors LLC boosted its stake in shares of Alerian MLP ETF by 10.7% during the third quarter. HighTower Advisors LLC now owns 872,018 shares of the exchange traded fund’s stock valued at $41,091,000 after purchasing an additional 83,961 shares in the last quarter.

Alerian MLP ETF Stock Performance

NYSEARCA AMLP opened at $51.76 on Wednesday. The firm’s 50 day moving average price is $49.57 and its 200-day moving average price is $48.05. Alerian MLP ETF has a 52-week low of $43.02 and a 52-week high of $52.82. The company has a market cap of $9.31 billion, a PE ratio of 13.08 and a beta of 0.48.

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.