Kestra Advisory Services LLC raised its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP – Free Report) by 5.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 270,707 shares of the exchange traded fund’s stock after purchasing an additional 14,349 shares during the quarter. Kestra Advisory Services LLC owned 0.11% of Alerian MLP ETF worth $14,042,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also bought and sold shares of the company. Allen Investment Management LLC increased its holdings in shares of Alerian MLP ETF by 6.8% in 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 during the last quarter. Royal Bank of Canada raised its position in shares of Alerian MLP ETF by 6.8% during the 1st quarter. Royal Bank of Canada now owns 2,414,295 shares of the exchange traded fund’s stock valued at $127,088,000 after buying an additional 154,146 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Alerian MLP ETF by 6.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 965,702 shares of the exchange traded fund’s stock worth $50,072,000 after acquiring an additional 57,663 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Alerian MLP ETF by 6.8% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 882,651 shares of the exchange traded fund’s stock worth $46,463,000 after acquiring an additional 56,516 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its holdings in shares of Alerian MLP ETF by 11.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 871,610 shares of the exchange traded fund’s stock worth $45,210,000 after acquiring an additional 92,785 shares during the last quarter.
Alerian MLP ETF Stock Performance
Shares of NYSEARCA:AMLP opened at $50.24 on Monday. Alerian MLP ETF has a 52-week low of $46.04 and a 52-week high of $56.43. The firm has a fifty day moving average of $53.54 and a 200 day moving average of $52.90. The firm has a market capitalization of $12.08 billion, a PE ratio of 14.17 and a beta of 0.53.
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. 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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