Oxbow Advisors LLC raised its holdings in Alerian MLP ETF (NYSEARCA:AMLP – Free Report) by 12.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 509,673 shares of the exchange traded fund’s stock after buying an additional 56,317 shares during the period. Alerian MLP ETF comprises about 2.1% of Oxbow Advisors LLC’s holdings, making the stock its 6th largest position. Oxbow Advisors LLC owned 0.22% of Alerian MLP ETF worth $26,427,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of AMLP. Bank of America Corp DE increased its holdings in shares of Alerian MLP ETF by 0.7% in the 2nd quarter. Bank of America Corp DE now owns 8,453,389 shares of the exchange traded fund’s stock valued at $413,033,000 after acquiring an additional 54,835 shares during the last quarter. Allen Investment Management LLC lifted its stake in Alerian MLP ETF by 6.8% during the first quarter. Allen Investment Management LLC now owns 4,005,535 shares of the exchange traded fund’s stock worth $210,851,000 after purchasing an additional 254,444 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in Alerian MLP ETF by 5.9% in the second quarter. Raymond James Financial Inc. now owns 2,715,784 shares of the exchange traded fund’s stock valued at $132,693,000 after purchasing an additional 152,451 shares in the last quarter. Royal Bank of Canada boosted its holdings in 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 purchasing an additional 154,146 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in Alerian MLP ETF by 19.2% in the second quarter. Ameriprise Financial Inc. now owns 1,634,868 shares of the exchange traded fund’s stock valued at $79,886,000 after purchasing an additional 262,817 shares in the last quarter.
Alerian MLP ETF Stock Up 1.1%
Shares of Alerian MLP ETF stock opened at $55.31 on Wednesday. Alerian MLP ETF has a 52 week low of $44.64 and a 52 week high of $55.66. The firm’s 50 day moving average is $53.28 and its two-hundred day moving average is $52.69. The firm has a market capitalization of $13.00 billion, a P/E ratio of 14.17 and a beta of 0.50.
About Alerian MLP ETF
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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