Fiduciary Trust Co Buys 9,343 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

Fiduciary Trust Co lifted its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 33.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,020 shares of the exchange traded fund’s stock after acquiring an additional 9,343 shares during the quarter. Fiduciary Trust Co’s holdings in Alerian MLP ETF were worth $1,745,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Hilton Capital Management LLC purchased a new position in Alerian MLP ETF in the third quarter worth about $31,562,000. Cetera Investment Advisers lifted its stake in shares of Alerian MLP ETF by 470.3% in the 1st quarter. Cetera Investment Advisers now owns 442,029 shares of the exchange traded fund’s stock worth $20,979,000 after purchasing an additional 364,516 shares during the period. Blair William & Co. IL boosted its holdings in shares of Alerian MLP ETF by 260.0% in the second 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 last quarter. School Employees Retirement Board of Ohio bought a new stake in Alerian MLP ETF during the third quarter valued at approximately $14,643,000. Finally, LPL Financial LLC increased its holdings in Alerian MLP ETF by 13.0% during the third quarter. LPL Financial LLC now owns 2,399,962 shares of the exchange traded fund’s stock valued at $113,110,000 after buying an additional 275,254 shares during the last quarter.

Alerian MLP ETF Trading Up 2.0 %

AMLP opened at $51.30 on Friday. The firm’s 50 day simple moving average is $47.65 and its two-hundred day simple moving average is $47.19. The company has a market capitalization of $9.23 billion, a PE ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a 1-year low of $41.06 and a 1-year high of $51.47.

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.