Strategy Asset Managers LLC Increases Stock Position in Alerian MLP ETF (NYSEARCA:AMLP)

Strategy Asset Managers LLC grew its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 34.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 22,969 shares of the exchange traded fund’s stock after buying an additional 5,887 shares during the quarter. Strategy Asset Managers LLC’s holdings in Alerian MLP ETF were worth $1,083,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Russell Investments Group Ltd. purchased a new position in shares of Alerian MLP ETF during the first quarter worth approximately $27,000. O Shaughnessy Asset Management LLC increased its stake in Alerian MLP ETF by 44.2% in the first quarter. O Shaughnessy Asset Management LLC now owns 3,399 shares of the exchange traded fund’s stock valued at $161,000 after purchasing an additional 1,042 shares during the period. Lake Street Advisors Group LLC acquired a new position in Alerian MLP ETF in the first quarter valued at $570,000. InterOcean Capital Group LLC raised its holdings in shares of Alerian MLP ETF by 14.5% in the first quarter. InterOcean Capital Group LLC now owns 17,465 shares of the exchange traded fund’s stock valued at $829,000 after buying an additional 2,212 shares during the last quarter. Finally, Freestone Capital Holdings LLC boosted its stake in shares of Alerian MLP ETF by 0.8% during the first quarter. Freestone Capital Holdings LLC now owns 52,399 shares of the exchange traded fund’s stock worth $2,487,000 after buying an additional 414 shares during the period.

Alerian MLP ETF Stock Up 0.4 %

NYSEARCA AMLP opened at $48.49 on Wednesday. The firm has a market cap of $8.72 billion, a P/E ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a 52-week low of $41.06 and a 52-week high of $49.44. The business’s 50-day moving average price is $47.32 and its 200 day moving average price is $47.08.

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.