GWM Advisors LLC Invests $112,000 in Alerian MLP ETF (AMLP) Stock

GWM Advisors LLC acquired a new stake in Alerian MLP ETF (NYSEARCA:AMLP) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 10,522 shares of the exchange traded fund’s stock, valued at approximately $112,000.

Other large investors have also made changes to their positions in the company. Sadoff Investment Management LLC bought a new position in shares of Alerian MLP ETF during the 2nd quarter worth $108,000. Avestar Capital LLC bought a new position in shares of Alerian MLP ETF during the 2nd quarter worth $110,000. Bridges Investment Management Inc. bought a new position in shares of Alerian MLP ETF during the 2nd quarter worth $114,000. American Century Companies Inc. bought a new position in shares of Alerian MLP ETF during the 2nd quarter worth $132,000. Finally, Spears Abacus Advisors LLC bought a new position in shares of Alerian MLP ETF during the 2nd quarter worth $147,000.

AMLP stock opened at $10.02 on Friday. Alerian MLP ETF has a fifty-two week low of $9.01 and a fifty-two week high of $11.89.

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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.

Read More: Investing in Growth Stocks

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Institutional Ownership by Quarter for Alerian MLP ETF (NYSEARCA:AMLP)

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