Alerian MLP ETF (NYSEARCA:AMLP) Shares Bought by Highland Capital Management LLC

Highland Capital Management LLC boosted its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 4.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,299 shares of the exchange traded fund’s stock after buying an additional 802 shares during the quarter. Highland Capital Management LLC’s holdings in Alerian MLP ETF were worth $868,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rational Advisors LLC acquired a new stake in shares of Alerian MLP ETF in the first quarter valued at about $65,064,000. 1832 Asset Management L.P. acquired a new position in Alerian MLP ETF during the fourth quarter worth about $51,416,000. International Assets Investment Management LLC boosted its position in Alerian MLP ETF by 3,469.7% during the fourth quarter. International Assets Investment Management LLC now owns 1,015,120 shares of the exchange traded fund’s stock worth $431,630,000 after acquiring an additional 986,683 shares during the last quarter. Wells Fargo & Company MN boosted its position in Alerian MLP ETF by 14.3% during the fourth quarter. Wells Fargo & Company MN now owns 4,946,698 shares of the exchange traded fund’s stock worth $210,334,000 after acquiring an additional 619,287 shares during the last quarter. Finally, Allen Wealth Management LLC acquired a new position in Alerian MLP ETF during the fourth quarter worth about $12,865,000.

Alerian MLP ETF Price Performance

AMLP traded up $0.15 on Friday, reaching $48.44. 1,159,152 shares of the company’s stock were exchanged, compared to its average volume of 1,232,697. The stock has a market cap of $8.71 billion, a PE ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a twelve month low of $39.97 and a twelve month high of $48.76. The stock’s fifty day moving average price is $46.82 and its 200-day moving average price is $45.90.

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.