Wills Financial Group LLC Purchases New Holdings in Alerian MLP ETF $AMLP

Wills Financial Group LLC purchased a new stake in Alerian MLP ETF (NYSEARCA:AMLP) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 72,361 shares of the exchange traded fund’s stock, valued at approximately $3,402,000. Alerian MLP ETF comprises 1.3% of Wills Financial Group LLC’s investment portfolio, making the stock its 26th largest position.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Bank of America Corp DE boosted its holdings in Alerian MLP ETF by 0.7% in the second quarter. Bank of America Corp DE now owns 8,453,389 shares of the exchange traded fund’s stock valued at $413,033,000 after purchasing an additional 54,835 shares during the last quarter. Allen Investment Management LLC boosted its holdings in Alerian MLP ETF by 7.1% in the fourth quarter. Allen Investment Management LLC now owns 3,751,091 shares of the exchange traded fund’s stock valued at $176,376,000 after purchasing an additional 249,766 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in Alerian MLP ETF by 5.9% in the second quarter. Raymond James Financial Inc. now owns 2,715,784 shares of the exchange traded fund’s stock valued at $132,693,000 after purchasing an additional 152,451 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in Alerian MLP ETF by 19.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,634,868 shares of the exchange traded fund’s stock worth $79,886,000 after buying an additional 262,817 shares during the last quarter. Finally, US Bancorp DE lifted its holdings in Alerian MLP ETF by 17.7% during the 4th quarter. US Bancorp DE now owns 1,409,498 shares of the exchange traded fund’s stock worth $66,275,000 after buying an additional 211,540 shares during the last quarter.

Alerian MLP ETF Stock Down 0.9%

NYSEARCA:AMLP opened at $52.13 on Wednesday. The business’s 50 day moving average is $52.80 and its two-hundred day moving average is $50.75. Alerian MLP ETF has a 52 week low of $44.64 and a 52 week high of $55.22. The company has a market cap of $12.16 billion, a PE ratio of 14.17 and a beta of 0.50.

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. The Index is comprised of 25 energy infrastructure MLPs. The fund will invest at least 90% of its total assets in securities, which comprise the Index (or depositary receipts based on such securities).