Alerian MLP ETF $AMLP Stock Position Lifted by Tectonic Advisors LLC

Tectonic Advisors LLC lifted its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 8.9% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 284,113 shares of the exchange traded fund’s stock after purchasing an additional 23,285 shares during the quarter. Alerian MLP ETF accounts for approximately 0.8% of Tectonic Advisors LLC’s holdings, making the stock its 20th largest position. Tectonic Advisors LLC owned approximately 0.13% of Alerian MLP ETF worth $13,882,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Nova Wealth Management Inc. bought a new position in Alerian MLP ETF during the second quarter valued at about $28,000. Headlands Technologies LLC bought a new position in Alerian MLP ETF during the first quarter valued at about $31,000. Golden State Wealth Management LLC bought a new position in Alerian MLP ETF during the first quarter valued at about $34,000. Copia Wealth Management bought a new position in Alerian MLP ETF during the first quarter valued at about $38,000. Finally, Crews Bank & Trust bought a new position in Alerian MLP ETF during the second quarter valued at about $39,000.

Alerian MLP ETF Stock Down 0.3%

Shares of AMLP stock opened at $46.35 on Thursday. The stock has a 50-day simple moving average of $47.92 and a 200 day simple moving average of $48.47. Alerian MLP ETF has a fifty-two week low of $43.75 and a fifty-two week high of $53.24. The stock has a market capitalization of $10.16 billion, a P/E ratio of 14.17 and a beta of 1.42.

Alerian MLP ETF 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.