LPL Financial LLC Raises Stock Holdings in Alerian MLP ETF (NYSEARCA:AMLP)

LPL Financial LLC raised its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 8.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,124,708 shares of the exchange traded fund’s stock after acquiring an additional 173,805 shares during the period. LPL Financial LLC’s holdings in Alerian MLP ETF were worth $101,943,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Russell Investments Group Ltd. purchased a new stake in shares of Alerian MLP ETF during the 1st quarter worth approximately $27,000. Asset Dedication LLC raised its holdings in shares of Alerian MLP ETF by 1,244.0% during the 2nd quarter. Asset Dedication LLC now owns 672 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 622 shares in the last quarter. ICA Group Wealth Management LLC purchased a new stake in Alerian MLP ETF during the 4th quarter valued at $38,000. Strategic Financial Concepts LLC bought a new stake in Alerian MLP ETF in the second quarter worth $49,000. Finally, Ridgewood Investments LLC purchased a new position in Alerian MLP ETF during the second quarter worth $52,000.

Alerian MLP ETF Stock Up 0.8 %

AMLP stock opened at $46.93 on Friday. The firm’s fifty day simple moving average is $47.24 and its two-hundred day simple moving average is $46.92. The stock has a market capitalization of $8.44 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a twelve month low of $40.03 and a twelve month high of $49.44.

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.