Trek Financial LLC Purchases New Stake in Alerian MLP ETF (NYSEARCA:AMLP)

Trek Financial LLC acquired a new position in Alerian MLP ETF (NYSEARCA:AMLP) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 44,301 shares of the exchange traded fund’s stock, valued at approximately $2,134,000.

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

Alerian MLP ETF Trading Down 7.1 %

NYSEARCA AMLP opened at $47.02 on Monday. The company has a 50-day moving average price of $51.56 and a two-hundred day moving average price of $49.55. Alerian MLP ETF has a 52 week low of $44.21 and a 52 week high of $53.24. The stock has a market cap of $9.75 billion, a price-to-earnings ratio of 14.02 and a beta of 0.99.

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.