Allen Investment Management LLC Grows Stock Holdings in Alerian MLP ETF $AMLP

Allen Investment Management LLC boosted its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 9.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,501,325 shares of the exchange traded fund’s stock after purchasing an additional 291,011 shares during the period. Alerian MLP ETF comprises 1.8% of Allen Investment Management LLC’s portfolio, making the stock its 14th largest holding. Allen Investment Management LLC owned about 1.60% of Alerian MLP ETF worth $164,317,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its holdings in shares of Alerian MLP ETF by 19.4% during the 4th quarter. Brighton Jones LLC now owns 44,781 shares of the exchange traded fund’s stock valued at $2,157,000 after buying an additional 7,280 shares during the period. Lmcg Investments LLC increased its position in Alerian MLP ETF by 12.9% during the second quarter. Lmcg Investments LLC now owns 29,433 shares of the exchange traded fund’s stock valued at $1,438,000 after acquiring an additional 3,360 shares during the last quarter. Concurrent Investment Advisors LLC lifted its holdings in Alerian MLP ETF by 18.5% in the second quarter. Concurrent Investment Advisors LLC now owns 44,251 shares of the exchange traded fund’s stock valued at $2,162,000 after acquiring an additional 6,900 shares during the period. Almanack Investment Partners LLC. purchased a new position in Alerian MLP ETF in the second quarter worth about $261,000. Finally, MGO One Seven LLC boosted its position in Alerian MLP ETF by 12.0% in the second quarter. MGO One Seven LLC now owns 5,995 shares of the exchange traded fund’s stock worth $293,000 after purchasing an additional 642 shares during the last quarter.

Alerian MLP ETF Stock Down 0.1%

NYSEARCA AMLP opened at $50.68 on Monday. The company has a 50-day moving average price of $48.22 and a 200-day moving average price of $47.73. Alerian MLP ETF has a 52 week low of $43.75 and a 52 week high of $52.93. The firm has a market capitalization of $11.42 billion, a P/E ratio of 14.17 and a beta of 0.70.

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. 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).