US Bancorp DE Has $37.13 Million Stock Holdings in Alerian MLP ETF $AMLP

US Bancorp DE lifted its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 34.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 760,011 shares of the exchange traded fund’s stock after purchasing an additional 194,330 shares during the period. US Bancorp DE owned approximately 0.35% of Alerian MLP ETF worth $37,134,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Auour Investments LLC raised its position in shares of Alerian MLP ETF by 1.2% during the first quarter. Auour Investments LLC now owns 18,171 shares of the exchange traded fund’s stock worth $877,000 after purchasing an additional 223 shares during the period. Fountainhead AM LLC raised its position in shares of Alerian MLP ETF by 4.1% during the first quarter. Fountainhead AM LLC now owns 5,798 shares of the exchange traded fund’s stock worth $301,000 after purchasing an additional 227 shares during the period. NBC Securities Inc. raised its position in shares of Alerian MLP ETF by 1.1% during the second quarter. NBC Securities Inc. now owns 21,543 shares of the exchange traded fund’s stock worth $1,052,000 after purchasing an additional 237 shares during the period. AE Wealth Management LLC raised its position in shares of Alerian MLP ETF by 7.3% during the first quarter. AE Wealth Management LLC now owns 3,622 shares of the exchange traded fund’s stock worth $188,000 after purchasing an additional 246 shares during the period. Finally, Sowell Financial Services LLC raised its position in shares of Alerian MLP ETF by 1.5% during the first quarter. Sowell Financial Services LLC now owns 17,014 shares of the exchange traded fund’s stock worth $884,000 after purchasing an additional 250 shares during the period.

Alerian MLP ETF Trading Down 2.1%

Shares of AMLP stock opened at $44.68 on Friday. Alerian MLP ETF has a 1-year low of $43.75 and a 1-year high of $53.24. The company has a market capitalization of $9.79 billion, a price-to-earnings ratio of 14.17 and a beta of 1.42. The stock’s fifty day simple moving average is $47.73 and its 200-day simple moving average is $48.38.

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.