Envestnet Asset Management Inc. Acquires 272,696 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

Envestnet Asset Management Inc. lifted its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 15.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,007,435 shares of the exchange traded fund’s stock after acquiring an additional 272,696 shares during the quarter. Envestnet Asset Management Inc. owned approximately 1.12% of Alerian MLP ETF worth $96,317,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Russell Investments Group Ltd. bought a new position in Alerian MLP ETF during the first quarter worth $27,000. Asset Dedication LLC boosted its holdings in shares of Alerian MLP ETF by 1,244.0% during the 2nd quarter. Asset Dedication LLC now owns 672 shares of the exchange traded fund’s stock worth $32,000 after buying an additional 622 shares during the period. ICA Group Wealth Management LLC acquired a new position in Alerian MLP ETF in the 4th quarter valued at about $38,000. Strategic Financial Concepts LLC bought a new position in Alerian MLP ETF in the 2nd quarter valued at about $49,000. Finally, Ridgewood Investments LLC acquired a new stake in Alerian MLP ETF during the second quarter worth approximately $52,000.

Alerian MLP ETF Stock Down 0.1 %

Shares of NYSEARCA:AMLP opened at $47.55 on Wednesday. Alerian MLP ETF has a 12-month low of $40.03 and a 12-month high of $49.44. The business has a 50 day moving average of $47.21 and a 200-day moving average of $46.96. The stock has a market cap of $8.55 billion, a PE ratio of 13.08 and a beta of 0.48.

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.