Commonwealth Equity Services LLC grew its position in Alerian MLP ETF (NYSEARCA:AMLP – Free Report) by 2.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 652,314 shares of the exchange traded fund’s stock after acquiring an additional 17,972 shares during the quarter. Commonwealth Equity Services LLC owned 0.40% of Alerian MLP ETF worth $25,577,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Bank of New York Mellon Corp increased its stake in Alerian MLP ETF by 10.8% in the first quarter. Bank of New York Mellon Corp now owns 17,837 shares of the exchange traded fund’s stock valued at $683,000 after acquiring an additional 1,743 shares during the period. Blair William & Co. IL grew its stake in shares of Alerian MLP ETF by 22.3% in the 1st quarter. Blair William & Co. IL now owns 52,632 shares of the exchange traded fund’s stock valued at $2,016,000 after purchasing an additional 9,614 shares during the period. Cetera Investment Advisers grew its stake in shares of Alerian MLP ETF by 13.3% in the 1st quarter. Cetera Investment Advisers now owns 29,050 shares of the exchange traded fund’s stock valued at $1,113,000 after purchasing an additional 3,406 shares during the period. Baird Financial Group Inc. raised its holdings in shares of Alerian MLP ETF by 5.1% in the 1st quarter. Baird Financial Group Inc. now owns 22,137 shares of the exchange traded fund’s stock worth $848,000 after buying an additional 1,070 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its position in shares of Alerian MLP ETF by 12.1% during the 1st quarter. NewEdge Advisors LLC now owns 65,562 shares of the exchange traded fund’s stock worth $2,512,000 after buying an additional 7,091 shares during the period.
Alerian MLP ETF Price Performance
Shares of AMLP stock opened at $42.69 on Tuesday. The stock’s fifty day simple moving average is $42.13 and its 200 day simple moving average is $40.63. The firm has a market cap of $6.99 billion, a price-to-earnings ratio of 13.30 and a beta of 1.42. Alerian MLP ETF has a one year low of $35.68 and a one year high of $43.90.
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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