Salem Investment Counselors Inc. Has $3.32 Million Position in Alerian MLP ETF (NYSEARCA:AMLP)

Salem Investment Counselors Inc. increased its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 1.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,021 shares of the exchange traded fund’s stock after purchasing an additional 1,039 shares during the quarter. Salem Investment Counselors Inc.’s holdings in Alerian MLP ETF were worth $3,324,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Bank of New York Mellon Corp grew its holdings in shares of Alerian MLP ETF by 6.3% during the second quarter. Bank of New York Mellon Corp now owns 7,285 shares of the exchange traded fund’s stock worth $350,000 after purchasing an additional 433 shares during the last quarter. BOKF NA raised its stake in shares of Alerian MLP ETF by 34.6% during the second quarter. BOKF NA now owns 15,400 shares of the exchange traded fund’s stock valued at $739,000 after acquiring an additional 3,955 shares during the last quarter. Zions Bancorporation N.A. acquired a new position in shares of Alerian MLP ETF during the second quarter worth $96,000. CoreCap Advisors LLC bought a new stake in shares of Alerian MLP ETF in the second quarter worth $316,000. Finally, Fiduciary Group LLC increased its holdings in Alerian MLP ETF by 103.0% in the second quarter. Fiduciary Group LLC now owns 10,150 shares of the exchange traded fund’s stock valued at $487,000 after purchasing an additional 5,150 shares during the period.

Alerian MLP ETF Stock Up 1.0 %

AMLP traded up $0.47 during midday trading on Monday, hitting $49.65. 959,203 shares of the company were exchanged, compared to its average volume of 1,134,585. The firm’s 50 day moving average price is $48.71 and its 200-day moving average price is $47.78. Alerian MLP ETF has a 1-year low of $42.25 and a 1-year high of $51.47. The firm has a market capitalization of $8.93 billion, a P/E ratio of 13.08 and a beta of 0.48.

Alerian MLP ETF Company 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.