Atlantic Edge Private Wealth Management LLC Increases Stock Position in Alerian MLP ETF (NYSEARCA:AMLP)

Atlantic Edge Private Wealth Management LLC lifted its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 2,967.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,135 shares of the exchange traded fund’s stock after buying an additional 5,935 shares during the period. Atlantic Edge Private Wealth Management LLC’s holdings in Alerian MLP ETF were worth $295,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in AMLP. Retirement Planning Group LLC boosted its position in Alerian MLP ETF by 2.9% in the 3rd quarter. Retirement Planning Group LLC now owns 7,830 shares of the exchange traded fund’s stock valued at $369,000 after buying an additional 218 shares during the period. Armstrong Advisory Group Inc. boosted its position in Alerian MLP ETF by 17.2% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 7,752 shares of the exchange traded fund’s stock valued at $365,000 after buying an additional 1,138 shares during the period. ORG Wealth Partners LLC purchased a new stake in Alerian MLP ETF in the 3rd quarter valued at about $41,000. ORG Partners LLC boosted its position in Alerian MLP ETF by 320.3% in the 3rd quarter. ORG Partners LLC now owns 28,099 shares of the exchange traded fund’s stock valued at $1,324,000 after buying an additional 21,413 shares during the period. Finally, Wesbanco Bank Inc. boosted its position in Alerian MLP ETF by 8.9% in the 3rd quarter. Wesbanco Bank Inc. now owns 5,506 shares of the exchange traded fund’s stock valued at $260,000 after buying an additional 450 shares during the period.

Alerian MLP ETF Price Performance

Alerian MLP ETF stock opened at $52.63 on Tuesday. The stock has a market cap of $9.47 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a 1 year low of $43.29 and a 1 year high of $53.24. The firm has a 50-day moving average of $50.01 and a two-hundred day moving average of $48.28.

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.