Strategy Asset Managers LLC Increases Stake in Alerian MLP ETF (NYSEARCA:AMLP)

Strategy Asset Managers LLC raised its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 34.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,969 shares of the exchange traded fund’s stock after buying an additional 5,887 shares during the period. Strategy Asset Managers LLC’s holdings in Alerian MLP ETF were worth $1,083,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AMLP. LPL Financial LLC increased its stake in shares of Alerian MLP ETF by 8.9% during the second quarter. LPL Financial LLC now owns 2,124,708 shares of the exchange traded fund’s stock worth $101,943,000 after buying an additional 173,805 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of Alerian MLP ETF by 15.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,007,435 shares of the exchange traded fund’s stock valued at $96,317,000 after purchasing an additional 272,696 shares in the last quarter. 1832 Asset Management L.P. lifted its position in shares of Alerian MLP ETF by 58.2% during the 1st quarter. 1832 Asset Management L.P. now owns 1,912,850 shares of the exchange traded fund’s stock worth $90,784,000 after purchasing an additional 703,620 shares during the last quarter. Allen Investment Management LLC grew its stake in shares of Alerian MLP ETF by 16.8% during the second quarter. Allen Investment Management LLC now owns 1,315,442 shares of the exchange traded fund’s stock worth $63,115,000 after purchasing an additional 188,980 shares in the last quarter. Finally, Raymond James & Associates increased its holdings in Alerian MLP ETF by 2.4% in the third quarter. Raymond James & Associates now owns 1,061,519 shares of the exchange traded fund’s stock valued at $50,029,000 after buying an additional 24,674 shares during the last quarter.

Alerian MLP ETF Price Performance

Alerian MLP ETF stock opened at $48.49 on Wednesday. The stock’s fifty day moving average is $47.32 and its two-hundred day moving average is $47.08. The stock has a market cap of $8.72 billion, a PE ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a 1-year low of $41.06 and a 1-year high of $49.44.

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.