Patriot Financial Group Insurance Agency LLC Boosts Stake in Alerian MLP ETF (NYSEARCA:AMLP)

Patriot Financial Group Insurance Agency LLC raised its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 246.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,069 shares of the exchange traded fund’s stock after buying an additional 10,715 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in Alerian MLP ETF were worth $710,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of AMLP. Kercheville Advisors LLC lifted its position in shares of Alerian MLP ETF by 8.3% during the third quarter. Kercheville Advisors LLC now owns 10,825 shares of the exchange traded fund’s stock worth $510,000 after purchasing an additional 825 shares during the last quarter. Riggs Asset Managment Co. Inc. increased its stake in Alerian MLP ETF by 1.5% in the 3rd quarter. Riggs Asset Managment Co. Inc. now owns 203,080 shares of the exchange traded fund’s stock worth $9,571,000 after buying an additional 2,955 shares during the period. Pointe Capital Management LLC lifted its holdings in Alerian MLP ETF by 2.1% during the 3rd quarter. Pointe Capital Management LLC now owns 24,596 shares of the exchange traded fund’s stock valued at $1,159,000 after buying an additional 508 shares in the last quarter. J.W. Cole Advisors Inc. boosted its position in Alerian MLP ETF by 158.0% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 41,609 shares of the exchange traded fund’s stock valued at $1,961,000 after buying an additional 25,481 shares during the period. Finally, Capital Advisors Ltd. LLC grew its stake in Alerian MLP ETF by 29.4% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 23,722 shares of the exchange traded fund’s stock worth $1,118,000 after acquiring an additional 5,385 shares in the last quarter.

Alerian MLP ETF Stock Performance

Shares of NYSEARCA:AMLP opened at $46.67 on Tuesday. The firm’s 50 day simple moving average is $47.05 and its 200-day simple moving average is $47.00. Alerian MLP ETF has a one year low of $41.06 and a one year high of $49.44. The firm has a market cap of $8.39 billion, a PE ratio of 13.08 and a beta of 0.48.

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.