Allen Investment Management LLC Acquires 254,444 Shares of Alerian MLP ETF $AMLP

Allen Investment Management LLC increased its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 6.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,005,535 shares of the exchange traded fund’s stock after acquiring an additional 254,444 shares during the quarter. Alerian MLP ETF comprises approximately 2.6% of Allen Investment Management LLC’s portfolio, making the stock its 14th biggest position. Allen Investment Management LLC owned 1.72% of Alerian MLP ETF worth $210,851,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC lifted its holdings in Alerian MLP ETF by 19.4% in the fourth quarter. Brighton Jones LLC now owns 44,781 shares of the exchange traded fund’s stock worth $2,157,000 after buying an additional 7,280 shares during the period. Qube Research & Technologies Ltd raised its position in shares of Alerian MLP ETF by 16.4% in the 2nd quarter. Qube Research & Technologies Ltd now owns 141,189 shares of the exchange traded fund’s stock worth $6,898,000 after acquiring an additional 19,916 shares in the last quarter. Sei Investments Co. bought a new position in shares of Alerian MLP ETF in the 2nd quarter worth approximately $623,000. Diversify Advisory Services LLC purchased a new position in shares of Alerian MLP ETF in the 2nd quarter valued at approximately $224,000. Finally, Quantinno Capital Management LP lifted its stake in shares of Alerian MLP ETF by 63.3% in the 2nd quarter. Quantinno Capital Management LP now owns 50,768 shares of the exchange traded fund’s stock valued at $2,481,000 after purchasing an additional 19,678 shares during the period.

Alerian MLP ETF Price Performance

NYSEARCA AMLP opened at $54.03 on Monday. The firm has a market capitalization of $12.73 billion, a PE ratio of 14.17 and a beta of 0.50. The stock’s 50 day moving average is $52.64 and its 200 day moving average is $51.70. Alerian MLP ETF has a twelve month low of $44.64 and a twelve month high of $55.22.

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).