J.Safra Asset Management Corp Buys Shares of 18,816 Alerian MLP ETF $AMLP

J.Safra Asset Management Corp bought a new stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 18,816 shares of the exchange traded fund’s stock, valued at approximately $921,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Auour Investments LLC grew its holdings in shares of Alerian MLP ETF by 1.2% during the first quarter. Auour Investments LLC now owns 18,171 shares of the exchange traded fund’s stock worth $877,000 after purchasing an additional 223 shares in the last quarter. Fountainhead AM LLC grew its holdings in shares of Alerian MLP ETF by 4.1% during the first quarter. Fountainhead AM LLC now owns 5,798 shares of the exchange traded fund’s stock worth $301,000 after purchasing an additional 227 shares in the last quarter. NBC Securities Inc. grew its holdings in shares of Alerian MLP ETF by 1.1% during the second quarter. NBC Securities Inc. now owns 21,543 shares of the exchange traded fund’s stock worth $1,052,000 after purchasing an additional 237 shares in the last quarter. AE Wealth Management LLC grew its holdings in shares of Alerian MLP ETF by 7.3% during the first quarter. AE Wealth Management LLC now owns 3,622 shares of the exchange traded fund’s stock worth $188,000 after purchasing an additional 246 shares in the last quarter. Finally, Sowell Financial Services LLC grew its holdings in shares of Alerian MLP ETF by 1.5% during the first quarter. Sowell Financial Services LLC now owns 17,014 shares of the exchange traded fund’s stock worth $884,000 after purchasing an additional 250 shares in the last quarter.

Alerian MLP ETF Trading Up 1.7%

Shares of NYSEARCA AMLP opened at $45.45 on Tuesday. Alerian MLP ETF has a 12 month low of $43.75 and a 12 month high of $53.24. The firm has a market capitalization of $9.95 billion, a price-to-earnings ratio of 14.17 and a beta of 1.42. The business has a 50-day moving average of $47.65 and a 200-day moving average of $48.28.

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.