Naviter Wealth LLC Has $28.47 Million Stock Position in Alerian MLP ETF (NYSEARCA:AMLP)

Naviter Wealth LLC lifted its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 7.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 599,907 shares of the exchange traded fund’s stock after acquiring an additional 43,621 shares during the period. Alerian MLP ETF makes up about 4.7% of Naviter Wealth LLC’s portfolio, making the stock its 2nd largest holding. Naviter Wealth LLC owned approximately 0.34% of Alerian MLP ETF worth $28,472,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Main Street Financial Solutions LLC lifted its holdings in shares of Alerian MLP ETF by 2.9% during the 4th quarter. Main Street Financial Solutions LLC now owns 47,714 shares of the exchange traded fund’s stock worth $2,029,000 after acquiring an additional 1,353 shares during the period. 1832 Asset Management L.P. acquired a new position in Alerian MLP ETF during the 4th quarter worth approximately $51,416,000. Steward Partners Investment Advisory LLC increased its position in Alerian MLP ETF by 1.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 56,522 shares of the exchange traded fund’s stock worth $2,403,000 after purchasing an additional 824 shares in the last quarter. Mckinley Capital Management LLC increased its position in Alerian MLP ETF by 3.0% during the 4th quarter. Mckinley Capital Management LLC now owns 158,700 shares of the exchange traded fund’s stock worth $6,748,000 after purchasing an additional 4,631 shares in the last quarter. Finally, Raymond James & Associates increased its position in Alerian MLP ETF by 5.1% during the 4th quarter. Raymond James & Associates now owns 1,305,809 shares of the exchange traded fund’s stock worth $55,523,000 after purchasing an additional 63,053 shares in the last quarter.

Alerian MLP ETF Price Performance

AMLP stock traded up $0.06 during trading on Tuesday, reaching $48.24. 940,026 shares of the company were exchanged, compared to its average volume of 1,245,108. The company has a 50-day moving average of $46.63 and a two-hundred day moving average of $45.59. The company has a market capitalization of $8.68 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a twelve month low of $38.88 and a twelve month high of $48.53.

About Alerian MLP ETF

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.