Concurrent Investment Advisors LLC Increases Holdings in Alerian MLP ETF (NYSEARCA:AMLP)

Concurrent Investment Advisors LLC lifted its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 23.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,773 shares of the exchange traded fund’s stock after buying an additional 1,300 shares during the period. Concurrent Investment Advisors LLC’s holdings in Alerian MLP ETF were worth $325,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Wells Fargo & Company MN grew its position in Alerian MLP ETF by 14.3% during the 4th quarter. Wells Fargo & Company MN now owns 4,946,698 shares of the exchange traded fund’s stock worth $210,334,000 after acquiring an additional 619,287 shares during the last quarter. 1832 Asset Management L.P. grew its position 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 worth $90,784,000 after acquiring an additional 703,620 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Alerian MLP ETF by 6.6% during the 4th quarter. Envestnet Asset Management Inc. now owns 1,415,927 shares of the exchange traded fund’s stock worth $60,205,000 after acquiring an additional 87,714 shares during the last quarter. TIAA Trust National Association grew its position in Alerian MLP ETF by 1.1% during the 1st quarter. TIAA Trust National Association now owns 980,836 shares of the exchange traded fund’s stock worth $46,550,000 after acquiring an additional 10,517 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its position in Alerian MLP ETF by 7.7% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 970,811 shares of the exchange traded fund’s stock worth $46,580,000 after acquiring an additional 69,671 shares during the last quarter.

Alerian MLP ETF Price Performance

AMLP opened at $46.69 on Wednesday. The firm has a market cap of $8.40 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a 1 year low of $40.03 and a 1 year high of $49.44. The stock’s 50 day simple moving average is $47.46 and its 200 day simple moving average is $46.89.

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.