Alerian MLP ETF (NYSEARCA:AMLP) Shares Acquired by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV boosted its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 2.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 183,962 shares of the exchange traded fund’s stock after acquiring an additional 4,116 shares during the period. Mercer Global Advisors Inc. ADV owned 0.10% of Alerian MLP ETF worth $8,826,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. purchased a new stake in shares of Alerian MLP ETF in the first quarter valued at $27,000. Asset Dedication LLC lifted its holdings in Alerian MLP ETF by 1,244.0% in the 2nd quarter. Asset Dedication LLC now owns 672 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 622 shares in the last quarter. ICA Group Wealth Management LLC acquired a new stake in shares of Alerian MLP ETF during the 4th quarter worth about $38,000. Strategic Financial Concepts LLC purchased a new stake in shares of Alerian MLP ETF during the second quarter worth about $49,000. Finally, Ridgewood Investments LLC purchased a new stake in shares of Alerian MLP ETF during the second quarter worth about $52,000.

Alerian MLP ETF Stock Performance

Shares of AMLP opened at $47.17 on Friday. The company has a market capitalization of $8.48 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a 1 year low of $40.03 and a 1 year high of $49.44. The company’s 50 day simple moving average is $47.16 and its 200 day simple moving average is $46.97.

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.