Mercer Global Advisors Inc. ADV Raises Stock Holdings in Alerian MLP ETF (NYSEARCA:AMLP)

Mercer Global Advisors Inc. ADV boosted its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 2.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 183,962 shares of the exchange traded fund’s stock after purchasing an additional 4,116 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Alerian MLP ETF were worth $8,826,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. 1832 Asset Management L.P. acquired a new position in Alerian MLP ETF in the fourth quarter worth about $51,416,000. Cetera Investment Advisers increased its holdings 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 valued at $20,979,000 after acquiring an additional 364,516 shares during the last quarter. Allen Wealth Management LLC acquired a new stake in shares of Alerian MLP ETF during the 4th quarter valued at approximately $12,865,000. Envestnet Asset Management Inc. lifted its stake in Alerian MLP ETF by 15.7% during the second quarter. Envestnet Asset Management Inc. now owns 2,007,435 shares of the exchange traded fund’s stock worth $96,317,000 after purchasing an additional 272,696 shares during the last quarter. Finally, Orion Portfolio Solutions LLC boosted its holdings in Alerian MLP ETF by 661.0% in the first quarter. Orion Portfolio Solutions LLC now owns 289,528 shares of the exchange traded fund’s stock worth $13,741,000 after purchasing an additional 251,483 shares during the period.

Alerian MLP ETF Stock Performance

Shares of NYSEARCA:AMLP opened at $47.17 on Friday. The company’s fifty day moving average is $47.16 and its two-hundred day moving average is $46.97. Alerian MLP ETF has a 1-year low of $40.03 and a 1-year high of $49.44. The stock has a market capitalization of $8.48 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48.

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.