Mezzasalma Advisors LLC increased its position in Alerian MLP ETF (NYSEARCA:AMLP – Free Report) by 216.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 65,418 shares of the exchange traded fund’s stock after purchasing an additional 44,717 shares during the quarter. Mezzasalma Advisors LLC’s holdings in Alerian MLP ETF were worth $3,393,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently bought and sold shares of AMLP. Allen Investment Management LLC boosted its stake in Alerian MLP ETF by 6.8% during the first quarter. Allen Investment Management LLC now owns 4,005,535 shares of the exchange traded fund’s stock worth $210,851,000 after acquiring an additional 254,444 shares in the last quarter. Royal Bank of Canada increased its stake in shares of Alerian MLP ETF by 6.8% during the first quarter. Royal Bank of Canada now owns 2,414,295 shares of the exchange traded fund’s stock valued at $127,088,000 after purchasing an additional 154,146 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Alerian MLP ETF by 6.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 965,702 shares of the exchange traded fund’s stock worth $50,072,000 after purchasing an additional 57,663 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Alerian MLP ETF by 6.8% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 882,651 shares of the exchange traded fund’s stock worth $46,463,000 after purchasing an additional 56,516 shares in the last quarter. Finally, NewEdge Advisors LLC grew its stake in shares of Alerian MLP ETF by 12.6% in the 2nd quarter. NewEdge Advisors LLC now owns 627,920 shares of the exchange traded fund’s stock worth $32,558,000 after buying an additional 70,402 shares during the last quarter.
Alerian MLP ETF Trading Down 0.6%
NYSEARCA:AMLP traded down $0.33 during trading hours on Wednesday, reaching $52.38. 1,044,172 shares of the company traded hands, compared to its average volume of 1,507,522. The business’s 50-day moving average price is $54.43 and its two-hundred day moving average price is $53.41. The stock has a market capitalization of $12.63 billion, a P/E ratio of 14.17 and a beta of 0.54. Alerian MLP ETF has a 1 year low of $45.22 and a 1 year high of $56.43.
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).
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