Belpointe Asset Management LLC Raises Stake in Alerian MLP ETF (NYSEARCA:AMLP)

Belpointe Asset Management LLC boosted its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 32.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 17,477 shares of the exchange traded fund’s stock after buying an additional 4,261 shares during the quarter. Belpointe Asset Management LLC’s holdings in Alerian MLP ETF were worth $828,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Proficio Capital Partners LLC increased its stake in shares of Alerian MLP ETF by 3,928.2% in the fourth quarter. Proficio Capital Partners LLC now owns 16,224,276 shares of the exchange traded fund’s stock worth $781,361,000 after acquiring an additional 15,821,509 shares during the period. Wells Fargo & Company MN grew its position in Alerian MLP ETF by 19.4% during the 4th quarter. Wells Fargo & Company MN now owns 6,299,345 shares of the exchange traded fund’s stock worth $303,376,000 after purchasing an additional 1,023,323 shares during the period. LPL Financial LLC grew its position in Alerian MLP ETF by 16.7% during the 4th quarter. LPL Financial LLC now owns 2,801,023 shares of the exchange traded fund’s stock worth $134,897,000 after purchasing an additional 401,061 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Alerian MLP ETF during the 4th quarter valued at about $104,132,000. Finally, Stephens Inc. AR lifted its holdings in shares of Alerian MLP ETF by 9.7% in the 4th quarter. Stephens Inc. AR now owns 1,079,417 shares of the exchange traded fund’s stock valued at $51,985,000 after buying an additional 95,191 shares during the period.

Alerian MLP ETF Stock Up 1.4 %

Shares of AMLP opened at $48.37 on Wednesday. The company has a market capitalization of $10.03 billion, a price-to-earnings ratio of 14.02 and a beta of 0.99. Alerian MLP ETF has a 52 week low of $43.75 and a 52 week high of $53.24. The stock’s 50-day moving average price is $50.56 and its 200-day moving average price is $49.48.

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.