Advisory Services Network LLC Increases Holdings in Alerian MLP ETF $AMLP

Advisory Services Network LLC lifted its position in Alerian MLP ETF (NYSEARCA:AMLP) by 7.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 159,884 shares of the exchange traded fund’s stock after buying an additional 11,355 shares during the quarter. Advisory Services Network LLC owned approximately 0.07% of Alerian MLP ETF worth $8,005,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Bank of America Corp DE grew its position in shares of Alerian MLP ETF by 0.7% during the 2nd 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 purchasing an additional 54,835 shares in the last quarter. Raymond James Financial Inc. increased its stake in Alerian MLP ETF by 5.9% in 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 acquiring an additional 152,451 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Alerian MLP ETF by 19.2% in 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 acquiring an additional 262,817 shares in the last quarter. Naviter Wealth LLC grew its holdings in shares of Alerian MLP ETF by 17.5% during the second quarter. Naviter Wealth LLC now owns 1,311,189 shares of the exchange traded fund’s stock worth $64,065,000 after purchasing an additional 194,949 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in Alerian MLP ETF by 1.3% in the second quarter. Envestnet Asset Management Inc. now owns 1,113,670 shares of the exchange traded fund’s stock valued at $54,414,000 after purchasing an additional 14,538 shares in the last quarter.

Alerian MLP ETF Stock Performance

Shares of NYSEARCA:AMLP opened at $47.41 on Monday. The firm has a fifty day moving average of $46.78 and a 200 day moving average of $47.81. Alerian MLP ETF has a 52-week low of $43.75 and a 52-week high of $53.24. The firm has a market capitalization of $10.40 billion, a PE ratio of 14.17 and a beta of 0.70.

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.