Focus Financial Network Inc. Purchases 1,167 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

Focus Financial Network Inc. increased its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 10.4% during the 2nd quarter, HoldingsChannel reports. The fund owned 12,433 shares of the exchange traded fund’s stock after purchasing an additional 1,167 shares during the quarter. Focus Financial Network Inc.’s holdings in Alerian MLP ETF were worth $607,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in AMLP. J.W. Cole Advisors Inc. raised its position in shares of Alerian MLP ETF by 22.8% during the 4th quarter. J.W. Cole Advisors Inc. now owns 13,745 shares of the exchange traded fund’s stock valued at $584,000 after acquiring an additional 2,553 shares during the last quarter. Signaturefd LLC acquired a new position in Alerian MLP ETF in the fourth quarter valued at about $77,000. CWM LLC boosted its holdings in Alerian MLP ETF by 130.5% during the fourth quarter. CWM LLC now owns 12,316 shares of the exchange traded fund’s stock worth $524,000 after buying an additional 6,972 shares during the last quarter. Madison Park Capital Advisors LLC acquired a new position in shares of Alerian MLP ETF during the 4th quarter worth about $5,565,000. Finally, BKA Wealth Consulting Inc. increased its stake in shares of Alerian MLP ETF by 3.9% in the 4th quarter. BKA Wealth Consulting Inc. now owns 13,607 shares of the exchange traded fund’s stock valued at $579,000 after acquiring an additional 511 shares during the last quarter.

Alerian MLP ETF Trading Down 1.5 %

Shares of NYSEARCA:AMLP traded down $0.72 during mid-day trading on Tuesday, reaching $46.36. The stock had a trading volume of 1,447,932 shares, compared to its average volume of 1,299,208. The firm has a 50 day simple moving average of $47.39 and a two-hundred day simple moving average of $46.67. Alerian MLP ETF has a twelve month low of $40.03 and a twelve month high of $49.44. The firm has a market cap of $8.34 billion, a PE ratio of 13.08 and a beta of 0.48.

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.