Alerian MLP ETF $AMLP Shares Purchased by Parallel Advisors LLC

Parallel Advisors LLC increased its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 8.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,558 shares of the exchange traded fund’s stock after acquiring an additional 572 shares during the period. Parallel Advisors LLC’s holdings in Alerian MLP ETF were worth $369,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new position in Alerian MLP ETF during the 1st quarter worth about $34,000. Sequoia Financial Advisors LLC lifted its stake in Alerian MLP ETF by 3.5% during the 1st quarter. Sequoia Financial Advisors LLC now owns 8,118 shares of the exchange traded fund’s stock worth $422,000 after acquiring an additional 275 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in Alerian MLP ETF by 153.5% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 12,437 shares of the exchange traded fund’s stock worth $646,000 after acquiring an additional 7,531 shares in the last quarter. Tradewinds LLC. lifted its stake in Alerian MLP ETF by 8.6% during the 1st quarter. Tradewinds LLC. now owns 68,057 shares of the exchange traded fund’s stock worth $3,535,000 after acquiring an additional 5,391 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in Alerian MLP ETF by 23.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 418,118 shares of the exchange traded fund’s stock worth $21,717,000 after acquiring an additional 79,345 shares in the last quarter.

Alerian MLP ETF Trading Down 1.9%

AMLP opened at $46.92 on Friday. The stock’s 50-day moving average price is $48.48 and its 200 day moving average price is $48.85. Alerian MLP ETF has a 12-month low of $43.75 and a 12-month high of $53.24. The firm has a market cap of $10.08 billion, a price-to-earnings ratio of 14.17 and a beta of 1.42.

About Alerian MLP ETF

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.