Ferguson Shapiro LLC Purchases Shares of 6,691 Alerian MLP ETF (NYSEARCA:AMLP)

Ferguson Shapiro LLC purchased a new stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 6,691 shares of the exchange traded fund’s stock, valued at approximately $321,000.

Several other institutional investors also recently modified their holdings of AMLP. 1832 Asset Management L.P. purchased a new position in Alerian MLP ETF in the 4th quarter worth approximately $51,416,000. Wells Fargo & Company MN increased its stake in Alerian MLP ETF by 14.3% in the fourth quarter. Wells Fargo & Company MN now owns 4,946,698 shares of the exchange traded fund’s stock valued at $210,334,000 after acquiring an additional 619,287 shares during the last quarter. Cetera Investment Advisers raised its position in Alerian MLP ETF by 470.3% during the first quarter. Cetera Investment Advisers now owns 442,029 shares of the exchange traded fund’s stock valued at $20,979,000 after purchasing an additional 364,516 shares in the last quarter. Allen Wealth Management LLC bought a new stake in Alerian MLP ETF during the fourth quarter worth about $12,865,000. Finally, Orion Portfolio Solutions LLC boosted its holdings in shares of Alerian MLP ETF by 661.0% in the 1st quarter. Orion Portfolio Solutions LLC now owns 289,528 shares of the exchange traded fund’s stock worth $13,741,000 after purchasing an additional 251,483 shares in the last quarter.

Alerian MLP ETF Trading Down 1.4 %

Shares of Alerian MLP ETF stock opened at $46.69 on Wednesday. The firm has a market capitalization of $8.40 billion, a PE ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a 12 month low of $40.03 and a 12 month high of $49.44. The business’s 50-day moving average price is $47.46 and its 200-day moving average price is $46.89.

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.