Alerian MLP ETF $AMLP Stake Boosted by Continuum Advisory LLC

Continuum Advisory LLC boosted its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 51.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 82,209 shares of the exchange traded fund’s stock after buying an additional 27,773 shares during the period. Continuum Advisory LLC’s holdings in Alerian MLP ETF were worth $3,858,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Bank of America Corp DE raised its holdings in shares of Alerian MLP ETF by 0.7% during 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 period. Raymond James Financial Inc. grew its position 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 in the last quarter. Ameriprise Financial Inc. raised its stake 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. Naviter Wealth LLC lifted its holdings in shares of Alerian MLP ETF by 17.5% in the second quarter. Naviter Wealth LLC now owns 1,311,189 shares of the exchange traded fund’s stock valued at $64,065,000 after purchasing an additional 194,949 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in shares of 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 worth $54,414,000 after buying an additional 14,538 shares during the period.

Alerian MLP ETF Stock Performance

NYSEARCA:AMLP opened at $46.98 on Tuesday. The firm has a market capitalization of $10.31 billion, a price-to-earnings ratio of 14.17 and a beta of 0.70. Alerian MLP ETF has a 1-year low of $43.75 and a 1-year high of $53.24. The business’s fifty day moving average price is $47.06 and its 200 day moving average price is $47.70.

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. 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).