IFG Advisory LLC Purchases New Holdings in Alerian MLP ETF (NYSEARCA:AMLP)

IFG Advisory LLC acquired a new position in shares of Alerian MLP ETF (NYSEARCA:AMLP) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 4,973 shares of the exchange traded fund’s stock, valued at approximately $239,000.

Several other large investors also recently added to or reduced their stakes in the company. Wells Fargo & Company MN grew its holdings in shares of Alerian MLP ETF by 14.3% during the fourth quarter. Wells Fargo & Company MN now owns 4,946,698 shares of the exchange traded fund’s stock valued at $210,334,000 after buying an additional 619,287 shares in the last quarter. 1832 Asset Management L.P. grew its stake in Alerian MLP ETF by 58.2% during the 1st 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 acquiring an additional 703,620 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Alerian MLP ETF by 6.6% in the 4th quarter. Envestnet Asset Management Inc. now owns 1,415,927 shares of the exchange traded fund’s stock valued at $60,205,000 after purchasing an additional 87,714 shares during the period. TIAA Trust National Association lifted its position in shares of Alerian MLP ETF by 1.1% in the first quarter. TIAA Trust National Association now owns 980,836 shares of the exchange traded fund’s stock worth $46,550,000 after purchasing an additional 10,517 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Alerian MLP ETF by 7.7% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 970,811 shares of the exchange traded fund’s stock worth $46,580,000 after purchasing an additional 69,671 shares during the period.

Alerian MLP ETF Stock Performance

Alerian MLP ETF stock opened at $47.33 on Tuesday. Alerian MLP ETF has a twelve month low of $40.03 and a twelve month high of $49.44. The firm has a market cap of $8.51 billion, a PE ratio of 13.08 and a beta of 0.48. The firm’s 50 day moving average price is $47.47 and its two-hundred day moving average price is $46.88.

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.