Silver Lake Advisory LLC Buys Shares of 4,912 Alerian MLP ETF (NYSEARCA:AMLP)

Silver Lake Advisory LLC purchased a new position in Alerian MLP ETF (NYSEARCA:AMLP) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 4,912 shares of the exchange traded fund’s stock, valued at approximately $236,000.

A number of other institutional investors have also made changes to their positions in the stock. LPL Financial LLC boosted its holdings in Alerian MLP ETF by 8.9% during the second quarter. LPL Financial LLC now owns 2,124,708 shares of the exchange traded fund’s stock worth $101,943,000 after buying an additional 173,805 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Alerian MLP ETF by 15.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,007,435 shares of the exchange traded fund’s stock worth $96,317,000 after acquiring an additional 272,696 shares during the last quarter. 1832 Asset Management L.P. grew its holdings in Alerian MLP ETF by 58.2% during the first 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 purchasing an additional 703,620 shares during the period. Allen Investment Management LLC increased its stake in Alerian MLP ETF by 16.8% in the second quarter. Allen Investment Management LLC now owns 1,315,442 shares of the exchange traded fund’s stock valued at $63,115,000 after purchasing an additional 188,980 shares in the last quarter. Finally, TIAA Trust National Association raised its holdings in 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 during the period.

Alerian MLP ETF Stock Up 0.7 %

Shares of AMLP stock opened at $46.99 on Monday. Alerian MLP ETF has a 12-month low of $40.03 and a 12-month high of $49.44. The firm has a fifty day moving average of $46.97 and a 200-day moving average of $47.01. The firm has a market capitalization of $8.45 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.