Eagle Strategies LLC raised its position in shares of Alerian MLP ETF (NYSEARCA:AMLP – Free Report) by 32.6% in the third quarter, HoldingsChannel reports. The firm owned 162,460 shares of the exchange traded fund’s stock after acquiring an additional 39,896 shares during the period. Alerian MLP ETF comprises about 0.8% of Eagle Strategies LLC’s investment portfolio, making the stock its 28th largest holding. Eagle Strategies LLC’s holdings in Alerian MLP ETF were worth $8,427,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of the company. Allen Investment Management LLC grew its position in shares of Alerian MLP ETF by 6.8% during the 1st quarter. Allen Investment Management LLC now owns 4,005,535 shares of the exchange traded fund’s stock worth $210,851,000 after buying an additional 254,444 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of Alerian MLP ETF by 6.8% in the first quarter. Royal Bank of Canada now owns 2,414,295 shares of the exchange traded fund’s stock valued at $127,088,000 after acquiring an additional 154,146 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Alerian MLP ETF by 6.4% in the second quarter. Envestnet Asset Management Inc. now owns 965,702 shares of the exchange traded fund’s stock valued at $50,072,000 after acquiring an additional 57,663 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Alerian MLP ETF by 6.8% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 882,651 shares of the exchange traded fund’s stock valued at $46,463,000 after acquiring an additional 56,516 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its stake in Alerian MLP ETF by 12.6% in the second quarter. NewEdge Advisors LLC now owns 627,920 shares of the exchange traded fund’s stock worth $32,558,000 after acquiring an additional 70,402 shares during the period.
Alerian MLP ETF Stock Up 1.4%
NYSEARCA:AMLP traded up $0.72 during mid-day trading on Friday, reaching $52.63. The company’s stock had a trading volume of 809,157 shares, compared to its average volume of 1,500,934. Alerian MLP ETF has a 1 year low of $45.22 and a 1 year high of $56.43. The stock has a fifty day moving average of $54.29 and a 200-day moving average of $53.39. The firm has a market capitalization of $12.69 billion, a PE ratio of 14.17 and a beta of 0.54.
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. The Index is comprised of 25 energy infrastructure MLPs. The fund will invest at least 90% of its total assets in securities, which comprise the Index (or depositary receipts based on such securities).
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