Summit Financial Wealth Advisors LLC Boosts Position in Alerian MLP ETF (NYSEARCA:AMLP)

Summit Financial Wealth Advisors LLC increased its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 0.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 288,344 shares of the exchange traded fund’s stock after acquiring an additional 1,553 shares during the quarter. Alerian MLP ETF makes up 2.6% of Summit Financial Wealth Advisors LLC’s investment portfolio, making the stock its 10th largest position. Summit Financial Wealth Advisors LLC owned approximately 0.17% of Alerian MLP ETF worth $11,306,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the business. Aurora Private Wealth Inc. grew its position in shares of Alerian MLP ETF by 1.1% in the 1st quarter. Aurora Private Wealth Inc. now owns 25,101 shares of the exchange traded fund’s stock worth $970,000 after buying an additional 261 shares during the last quarter. Smith Moore & CO. boosted its position in shares of Alerian MLP ETF by 2.7% during the fourth quarter. Smith Moore & CO. now owns 11,632 shares of the exchange traded fund’s stock valued at $443,000 after purchasing an additional 302 shares in the last quarter. Good Life Advisors LLC boosted its position in shares of Alerian MLP ETF by 3.9% during the first quarter. Good Life Advisors LLC now owns 8,843 shares of the exchange traded fund’s stock valued at $342,000 after purchasing an additional 328 shares in the last quarter. SeaCrest Wealth Management LLC boosted its position in shares of Alerian MLP ETF by 4.2% during the first quarter. SeaCrest Wealth Management LLC now owns 8,330 shares of the exchange traded fund’s stock valued at $322,000 after purchasing an additional 336 shares in the last quarter. Finally, Pinnacle Bancorp Inc. boosted its position in shares of Alerian MLP ETF by 14.0% during the first quarter. Pinnacle Bancorp Inc. now owns 2,831 shares of the exchange traded fund’s stock valued at $109,000 after purchasing an additional 347 shares in the last quarter.

Alerian MLP ETF Stock Performance

Shares of NYSEARCA AMLP traded up $0.14 during mid-day trading on Tuesday, hitting $42.04. 206,812 shares of the stock traded hands, compared to its average volume of 1,278,532. Alerian MLP ETF has a 52 week low of $34.69 and a 52 week high of $42.47. The company has a market cap of $6.88 billion, a price-to-earnings ratio of 13.30 and a beta of 1.42. The stock has a fifty day moving average price of $40.99 and a 200-day moving average price of $39.48.

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.