Focus Financial Network Inc. Raises Stake in Alerian MLP ETF (NYSEARCA:AMLP)

Focus Financial Network Inc. lifted its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 7.2% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 13,333 shares of the exchange traded fund’s stock after buying an additional 900 shares during the quarter. Focus Financial Network Inc.’s holdings in Alerian MLP ETF were worth $628,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Stephens Inc. AR grew its holdings in shares of Alerian MLP ETF by 2.8% during the third quarter. Stephens Inc. AR now owns 984,226 shares of the exchange traded fund’s stock worth $46,387,000 after buying an additional 26,882 shares in the last quarter. United Asset Strategies Inc. acquired a new stake in shares of Alerian MLP ETF in the third quarter worth approximately $321,000. Rosenberg Matthew Hamilton boosted its position in shares of Alerian MLP ETF by 803.5% in the third quarter. Rosenberg Matthew Hamilton now owns 1,545 shares of the exchange traded fund’s stock worth $73,000 after acquiring an additional 1,374 shares during the last quarter. Fiducient Advisors LLC boosted its position in shares of Alerian MLP ETF by 76.5% in the third quarter. Fiducient Advisors LLC now owns 17,677 shares of the exchange traded fund’s stock worth $833,000 after acquiring an additional 7,664 shares during the last quarter. Finally, SteelPeak Wealth LLC boosted its position in shares of Alerian MLP ETF by 299.2% in the third quarter. SteelPeak Wealth LLC now owns 57,207 shares of the exchange traded fund’s stock worth $2,696,000 after acquiring an additional 42,876 shares during the last quarter.

Alerian MLP ETF Stock Performance

AMLP opened at $46.48 on Friday. The company’s 50 day simple moving average is $47.06 and its 200 day simple moving average is $47.00. Alerian MLP ETF has a 1 year low of $41.06 and a 1 year high of $49.44. The stock has a market capitalization of $8.36 billion, a PE ratio of 13.08 and a beta of 0.48.

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.