Advisors Preferred LLC Invests $7.39 Million in Alerian MLP ETF $AMLP

Advisors Preferred LLC bought a new stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 152,722 shares of the exchange traded fund’s stock, valued at approximately $7,390,000. Alerian MLP ETF comprises 1.2% of Advisors Preferred LLC’s investment portfolio, making the stock its 24th largest position. Advisors Preferred LLC owned approximately 0.07% of Alerian MLP ETF at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in AMLP. LPL Financial LLC raised its position in shares of Alerian MLP ETF by 15.6% during the first quarter. LPL Financial LLC now owns 3,238,970 shares of the exchange traded fund’s stock worth $168,232,000 after purchasing an additional 437,947 shares during the period. Allen Investment Management LLC boosted its holdings in shares of Alerian MLP ETF by 31.7% in the first quarter. Allen Investment Management LLC now owns 3,080,512 shares of the exchange traded fund’s stock worth $160,002,000 after buying an additional 740,605 shares during the period. Raymond James Financial Inc. raised its holdings in shares of Alerian MLP ETF by 18.6% during the first quarter. Raymond James Financial Inc. now owns 2,563,333 shares of the exchange traded fund’s stock valued at $133,140,000 after acquiring an additional 401,133 shares during the period. Naviter Wealth LLC lifted its position in shares of Alerian MLP ETF by 17.5% in the 2nd quarter. Naviter Wealth LLC now owns 1,311,189 shares of the exchange traded fund’s stock valued at $64,065,000 after acquiring an additional 194,949 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in Alerian MLP ETF by 1.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,113,670 shares of the exchange traded fund’s stock worth $54,414,000 after purchasing an additional 14,538 shares during the period.

Alerian MLP ETF Stock Down 0.0%

Shares of NYSEARCA:AMLP opened at $46.62 on Tuesday. The company’s fifty day moving average is $47.02 and its two-hundred day moving average is $48.10. The company has a market cap of $10.23 billion, a P/E ratio of 14.17 and a beta of 0.70. Alerian MLP ETF has a 12-month low of $43.75 and a 12-month high of $53.24.

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.