Transcend Capital Advisors LLC Has $10.08 Million Stock Position in Alerian MLP ETF $AMLP

Transcend Capital Advisors LLC lifted its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 17.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 194,367 shares of the exchange traded fund’s stock after acquiring an additional 28,415 shares during the quarter. Alerian MLP ETF makes up about 0.7% of Transcend Capital Advisors LLC’s investment portfolio, making the stock its 26th largest position. Transcend Capital Advisors LLC owned approximately 0.08% of Alerian MLP ETF worth $10,078,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. 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 acquiring an additional 54,835 shares during the last quarter. Allen Investment Management LLC raised its holdings in Alerian MLP ETF by 6.8% during the 1st quarter. Allen Investment Management LLC now owns 4,005,535 shares of the exchange traded fund’s stock worth $210,851,000 after purchasing an additional 254,444 shares during the last quarter. Raymond James Financial Inc. raised its holdings in Alerian MLP ETF by 5.9% during the 2nd quarter. Raymond James Financial Inc. now owns 2,715,784 shares of the exchange traded fund’s stock worth $132,693,000 after purchasing an additional 152,451 shares during the last quarter. Royal Bank of Canada raised its holdings in Alerian MLP ETF by 6.8% during the 1st quarter. Royal Bank of Canada now owns 2,414,295 shares of the exchange traded fund’s stock worth $127,088,000 after purchasing an additional 154,146 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position 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 valued at $79,886,000 after purchasing an additional 262,817 shares during the period.

Alerian MLP ETF Trading Up 1.1%

Alerian MLP ETF stock opened at $54.96 on Friday. The company has a market cap of $12.91 billion, a PE ratio of 14.17 and a beta of 0.50. Alerian MLP ETF has a 1 year low of $44.64 and a 1 year high of $55.66. The company’s 50-day moving average is $53.18 and its two-hundred day moving average is $52.59.

Alerian MLP ETF Company 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).