Mainstay Capital Management LLC ADV Takes Position in Alerian MLP ETF (NYSEARCA:AMLP)

Mainstay Capital Management LLC ADV acquired a new position in shares of Alerian MLP ETF (NYSEARCA:AMLP) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 53,901 shares of the exchange traded fund’s stock, valued at approximately $2,540,000. Alerian MLP ETF comprises about 0.4% of Mainstay Capital Management LLC ADV’s investment portfolio, making the stock its 14th largest holding.

Several other large investors have also made changes to their positions in the business. Retirement Planning Group LLC increased its position in Alerian MLP ETF by 24.3% in the 2nd quarter. Retirement Planning Group LLC now owns 7,612 shares of the exchange traded fund’s stock worth $365,000 after buying an additional 1,489 shares during the period. Kingswood Wealth Advisors LLC increased its holdings in shares of Alerian MLP ETF by 36.7% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 10,104 shares of the exchange traded fund’s stock worth $480,000 after purchasing an additional 2,714 shares during the period. Dynamic Advisor Solutions LLC raised its position in shares of Alerian MLP ETF by 22.2% during the second quarter. Dynamic Advisor Solutions LLC now owns 14,711 shares of the exchange traded fund’s stock valued at $706,000 after buying an additional 2,673 shares during the last quarter. Oppenheimer & Co. Inc. lifted its stake in shares of Alerian MLP ETF by 8.0% in the first quarter. Oppenheimer & Co. Inc. now owns 87,811 shares of the exchange traded fund’s stock valued at $4,168,000 after buying an additional 6,486 shares during the period. Finally, EP Wealth Advisors LLC bought a new stake in shares of Alerian MLP ETF in the first quarter valued at about $228,000.

Alerian MLP ETF Stock Down 0.0 %

Shares of AMLP opened at $46.93 on Friday. The stock’s 50-day moving average price is $47.06 and its 200 day moving average price is $47.01. Alerian MLP ETF has a 12-month low of $41.06 and a 12-month high of $49.44. The firm has a market capitalization of $8.44 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48.

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.