Alerian MLP ETF (NYSEARCA:AMLP) Shares Purchased by Brick & Kyle Associates

Brick & Kyle Associates raised its position in Alerian MLP ETF (NYSEARCA:AMLP) by 3.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 140,219 shares of the exchange traded fund’s stock after purchasing an additional 4,738 shares during the quarter. Alerian MLP ETF comprises approximately 2.8% of Brick & Kyle Associates’ investment portfolio, making the stock its 11th biggest holding. Brick & Kyle Associates owned 0.08% of Alerian MLP ETF worth $6,728,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. 1832 Asset Management L.P. acquired a new stake in Alerian MLP ETF in the fourth quarter worth about $51,416,000. Cetera Investment Advisers raised its position in shares of Alerian MLP ETF by 470.3% during the 1st quarter. Cetera Investment Advisers now owns 442,029 shares of the exchange traded fund’s stock worth $20,979,000 after buying an additional 364,516 shares in the last quarter. Blair William & Co. IL lifted its stake in shares of Alerian MLP ETF by 260.0% in the 2nd quarter. Blair William & Co. IL now owns 484,890 shares of the exchange traded fund’s stock worth $23,265,000 after acquiring an additional 350,196 shares during the period. Allen Wealth Management LLC bought a new position in shares of Alerian MLP ETF in the fourth quarter valued at approximately $12,865,000. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Alerian MLP ETF by 15.7% in the second quarter. Envestnet Asset Management Inc. now owns 2,007,435 shares of the exchange traded fund’s stock valued at $96,317,000 after acquiring an additional 272,696 shares in the last quarter.

Alerian MLP ETF Price Performance

Shares of NYSEARCA:AMLP opened at $46.99 on Friday. The stock has a market cap of $8.45 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a 12 month low of $40.03 and a 12 month high of $49.44. The stock’s 50 day moving average price is $46.97 and its 200 day moving average price is $47.00.

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.