Fiducient Advisors LLC Raises Position in Alerian MLP ETF (NYSEARCA:AMLP)

Fiducient Advisors LLC increased its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 76.5% during the third quarter, Holdings Channel.com reports. The firm owned 17,677 shares of the exchange traded fund’s stock after acquiring an additional 7,664 shares during the quarter. Fiducient Advisors LLC’s holdings in Alerian MLP ETF were worth $833,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in AMLP. 1832 Asset Management L.P. raised its holdings in shares of Alerian MLP ETF by 58.2% during the first quarter. 1832 Asset Management L.P. now owns 1,912,850 shares of the exchange traded fund’s stock valued at $90,784,000 after purchasing an additional 703,620 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of Alerian MLP ETF by 470.3% in the first quarter. Cetera Investment Advisers now owns 442,029 shares of the exchange traded fund’s stock valued at $20,979,000 after acquiring an additional 364,516 shares during the period. Blair William & Co. IL increased its stake in Alerian MLP ETF by 260.0% in the 2nd quarter. Blair William & Co. IL now owns 484,890 shares of the exchange traded fund’s stock worth $23,265,000 after buying an additional 350,196 shares during the period. School Employees Retirement Board of Ohio bought a new position in Alerian MLP ETF during the 3rd quarter worth about $14,643,000. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Alerian MLP ETF by 15.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,007,435 shares of the exchange traded fund’s stock valued at $96,317,000 after buying an additional 272,696 shares in the last quarter.

Alerian MLP ETF Stock Performance

NYSEARCA:AMLP opened at $46.74 on Thursday. The company’s 50-day simple moving average is $47.07 and its 200-day simple moving average is $47.00. The stock has a market capitalization of $8.41 billion, a P/E ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a fifty-two week low of $41.06 and a fifty-two week high of $49.44.

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.