Genesis Financial Group LLC Makes New Investment in Alerian MLP ETF $AMLP

Genesis Financial Group LLC purchased a new position in shares of Alerian MLP ETF (NYSEARCA:AMLP) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 19,742 shares of the exchange traded fund’s stock, valued at approximately $1,039,000.

Other large investors have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Alerian MLP ETF by 14,563.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,289,345 shares of the exchange traded fund’s stock valued at $60,625,000 after purchasing an additional 1,280,552 shares during the last quarter. Orion Porfolio Solutions LLC raised its position in Alerian MLP ETF by 326.3% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 1,039,696 shares of the exchange traded fund’s stock worth $50,800,000 after purchasing an additional 795,787 shares during the period. EP Wealth Advisors LLC bought a new stake in Alerian MLP ETF in the fourth quarter worth $24,371,000. Quadrature Capital Ltd lifted its stake in Alerian MLP ETF by 709.1% in the fourth quarter. Quadrature Capital Ltd now owns 476,492 shares of the exchange traded fund’s stock worth $22,405,000 after purchasing an additional 417,602 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its position in Alerian MLP ETF by 1,508.5% during the fourth quarter. Thrivent Financial for Lutherans now owns 406,459 shares of the exchange traded fund’s stock valued at $19,116,000 after buying an additional 381,190 shares during the period.

Alerian MLP ETF Trading Up 0.0%

Shares of NYSEARCA:AMLP opened at $54.82 on Thursday. The stock’s 50-day moving average price is $52.75 and its 200-day moving average price is $52.12. Alerian MLP ETF has a 12-month low of $44.64 and a 12-month high of $55.62. The stock has a market capitalization of $12.87 billion, a P/E ratio of 14.17 and a beta of 0.50.

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. The Index is comprised of 25 energy infrastructure MLPs. The fund will invest at least 90% of its total assets in securities, which comprise the Index (or depositary receipts based on such securities).