Atlantic Edge Private Wealth Management LLC Boosts Holdings in Alerian MLP ETF (NYSEARCA:AMLP)

Atlantic Edge Private Wealth Management LLC raised its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 2,967.5% during the fourth quarter, HoldingsChannel reports. The firm owned 6,135 shares of the exchange traded fund’s stock after purchasing an additional 5,935 shares during the quarter. Atlantic Edge Private Wealth Management LLC’s holdings in Alerian MLP ETF were worth $295,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. LPL Financial LLC grew its position in 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 valued at $113,110,000 after buying an additional 275,254 shares during the period. Stephens Inc. AR increased its position in shares of Alerian MLP ETF by 9.7% during the fourth quarter. Stephens Inc. AR now owns 1,079,417 shares of the exchange traded fund’s stock valued at $51,985,000 after acquiring an additional 95,191 shares during the last quarter. Raymond James & Associates increased its position 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 acquiring an additional 24,674 shares during the last quarter. Naviter Wealth LLC grew its holdings in shares of Alerian MLP ETF by 14.2% in 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 lifted its stake in Alerian MLP ETF by 10.7% in the third quarter. HighTower Advisors LLC now owns 872,018 shares of the exchange traded fund’s stock worth $41,091,000 after acquiring an additional 83,961 shares during the last quarter.

Alerian MLP ETF Stock Up 0.9 %

Shares of Alerian MLP ETF stock opened at $52.63 on Tuesday. The company has a market capitalization of $9.47 billion, a P/E ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a 52-week low of $43.29 and a 52-week high of $53.24. The company has a 50 day moving average of $50.01 and a 200 day moving average of $48.28.

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.