Emerson Wealth Management LLC Buys New Holdings in Alerian MLP ETF (AMLP)
Emerson Wealth Management LLC bought a new position in shares of Alerian MLP ETF (NYSEARCA:AMLP) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,208,938 shares of the exchange traded fund’s stock, valued at approximately $10,554,000. Alerian MLP ETF comprises about 10.2% of Emerson Wealth Management LLC’s investment portfolio, making the stock its 3rd largest holding. Emerson Wealth Management LLC owned 0.13% of Alerian MLP ETF as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Sonora Investment Management LLC raised its position in shares of Alerian MLP ETF by 84.0% during the 4th quarter. Sonora Investment Management LLC now owns 5,520 shares of the exchange traded fund’s stock valued at $48,000 after buying an additional 2,520 shares during the period. Stelac Advisory Services LLC purchased a new stake in shares of Alerian MLP ETF during the 3rd quarter valued at approximately $150,000. MRA Associates USA LLC purchased a new stake in shares of Alerian MLP ETF during the 4th quarter valued at approximately $61,000. Highwater Wealth Management LLC purchased a new stake in shares of Alerian MLP ETF during the 4th quarter valued at approximately $85,000. Finally, GWM Advisors LLC purchased a new stake in shares of Alerian MLP ETF during the 3rd quarter valued at approximately $112,000.
Shares of NYSEARCA AMLP opened at $9.65 on Monday. Alerian MLP ETF has a 52-week low of $8.27 and a 52-week high of $11.41.
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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