Alerian MLP ETF (AMLP) is PVG Asset Management Corp’s 7th Largest Position

PVG Asset Management Corp lessened its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 29.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 369,762 shares of the exchange traded fund’s stock after selling 156,214 shares during the quarter. Alerian MLP ETF makes up about 2.8% of PVG Asset Management Corp’s investment portfolio, making the stock its 7th largest position. PVG Asset Management Corp’s holdings in Alerian MLP ETF were worth $3,949,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in the company. TRUE Private Wealth Advisors increased its position in Alerian MLP ETF by 1,011.9% in the third quarter. TRUE Private Wealth Advisors now owns 846,948 shares of the exchange traded fund’s stock worth $9,045,000 after purchasing an additional 770,775 shares during the last quarter. Tocqueville Asset Management L.P. increased its position in Alerian MLP ETF by 3,505.1% in the second quarter. Tocqueville Asset Management L.P. now owns 402,150 shares of the exchange traded fund’s stock worth $4,062,000 after purchasing an additional 390,995 shares during the last quarter. LVZ Advisors Inc. bought a new stake in Alerian MLP ETF in the third quarter worth $317,000. Friedenthal Financial increased its position in Alerian MLP ETF by 5.1% in the third quarter. Friedenthal Financial now owns 115,499 shares of the exchange traded fund’s stock worth $1,234,000 after purchasing an additional 5,640 shares during the last quarter. Finally, Integrated Investment Consultants LLC increased its position in Alerian MLP ETF by 7.1% in the third quarter. Integrated Investment Consultants LLC now owns 176,972 shares of the exchange traded fund’s stock worth $1,890,000 after purchasing an additional 11,704 shares during the last quarter.

AMLP stock traded up $0.04 during mid-day trading on Friday, reaching $9.68. 4,432,445 shares of the stock traded hands, compared to its average volume of 16,181,155. Alerian MLP ETF has a one year low of $9.01 and a one year high of $11.89.

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Alerian MLP ETF Company 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.

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