Northwestern Mutual Wealth Management Co. Has $1.31 Million Stock Holdings in Alerian MLP ETF (NYSEARCA:AMLP)

Northwestern Mutual Wealth Management Co. grew its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 18.2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,216 shares of the exchange traded fund’s stock after purchasing an additional 4,190 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Alerian MLP ETF were worth $1,306,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in AMLP. Russell Investments Group Ltd. bought a new position in shares of Alerian MLP ETF in the 1st quarter valued at about $27,000. Asset Dedication LLC grew its holdings in Alerian MLP ETF by 1,244.0% during the second quarter. Asset Dedication LLC now owns 672 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 622 shares during the period. Strategic Financial Concepts LLC acquired a new position in Alerian MLP ETF during the second quarter worth approximately $49,000. Ridgewood Investments LLC acquired a new position in Alerian MLP ETF during the second quarter worth approximately $52,000. Finally, Optimum Investment Advisors raised its stake in Alerian MLP ETF by 40.0% in the second quarter. Optimum Investment Advisors now owns 1,400 shares of the exchange traded fund’s stock valued at $67,000 after buying an additional 400 shares during the period.

Alerian MLP ETF Trading Up 0.4 %

Shares of NYSEARCA AMLP opened at $47.65 on Friday. The company has a market capitalization of $8.57 billion, a P/E ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a 12 month low of $40.22 and a 12 month high of $49.44. The stock has a 50 day moving average of $46.86 and a 200-day moving average of $47.03.

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.