Lmcg Investments LLC Has $979,000 Position in Alerian MLP ETF (NYSEARCA:AMLP)

Lmcg Investments LLC increased its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 54.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,336 shares of the exchange traded fund’s stock after purchasing an additional 7,182 shares during the quarter. Lmcg Investments LLC’s holdings in Alerian MLP ETF were worth $979,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AMLP. Park Avenue Securities LLC grew its stake in shares of Alerian MLP ETF by 38.8% during the fourth quarter. Park Avenue Securities LLC now owns 32,525 shares of the exchange traded fund’s stock worth $1,566,000 after buying an additional 9,088 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Alerian MLP ETF by 532.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 19,668 shares of the exchange traded fund’s stock valued at $927,000 after acquiring an additional 16,560 shares in the last quarter. Advisors Asset Management Inc. bought a new stake in Alerian MLP ETF during the 3rd quarter worth $65,000. Regency Capital Management Inc. DE increased its holdings in Alerian MLP ETF by 173.7% in the 3rd quarter. Regency Capital Management Inc. DE now owns 98,179 shares of the exchange traded fund’s stock worth $4,627,000 after purchasing an additional 62,304 shares in the last quarter. Finally, Silver Lake Advisory LLC bought a new position in Alerian MLP ETF in the second quarter valued at about $236,000.

Alerian MLP ETF Trading Up 1.5 %

Shares of AMLP stock opened at $52.47 on Wednesday. The firm has a market capitalization of $9.44 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. The business’s 50-day moving average price is $49.17 and its 200-day moving average price is $47.93. Alerian MLP ETF has a 12 month low of $42.69 and a 12 month high of $52.65.

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.