Onyx Bridge Wealth Group LLC Purchases 333 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

Onyx Bridge Wealth Group LLC increased its position in Alerian MLP ETF (NYSEARCA:AMLP) by 2.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 13,915 shares of the exchange traded fund’s stock after buying an additional 333 shares during the quarter. Onyx Bridge Wealth Group LLC’s holdings in Alerian MLP ETF were worth $592,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of AMLP. Bank of New York Mellon Corp lifted its position in Alerian MLP ETF by 10.8% in the 1st quarter. Bank of New York Mellon Corp now owns 17,837 shares of the exchange traded fund’s stock worth $683,000 after buying an additional 1,743 shares during the last quarter. Blair William & Co. IL increased its stake in Alerian MLP ETF by 22.3% in the 1st quarter. Blair William & Co. IL now owns 52,632 shares of the exchange traded fund’s stock worth $2,016,000 after purchasing an additional 9,614 shares during the period. Cetera Investment Advisers increased its stake in Alerian MLP ETF by 13.3% in the 1st quarter. Cetera Investment Advisers now owns 29,050 shares of the exchange traded fund’s stock worth $1,113,000 after purchasing an additional 3,406 shares during the period. Baird Financial Group Inc. increased its stake in Alerian MLP ETF by 5.1% in the 1st quarter. Baird Financial Group Inc. now owns 22,137 shares of the exchange traded fund’s stock worth $848,000 after purchasing an additional 1,070 shares during the period. Finally, NewEdge Advisors LLC increased its stake in Alerian MLP ETF by 12.1% in the 1st quarter. NewEdge Advisors LLC now owns 65,562 shares of the exchange traded fund’s stock worth $2,512,000 after purchasing an additional 7,091 shares during the period.

Alerian MLP ETF Price Performance

Alerian MLP ETF stock traded up $0.61 during trading hours on Friday, reaching $46.97. The company had a trading volume of 1,217,980 shares, compared to its average volume of 1,261,256. The company has a 50-day moving average price of $46.38 and a 200 day moving average price of $44.02. The firm has a market cap of $8.36 billion, a price-to-earnings ratio of 12.87 and a beta of 0.51. Alerian MLP ETF has a 12-month low of $37.06 and a 12-month high of $48.48.

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.