Park Avenue Securities LLC Has $1.11 Million Position in Alerian MLP ETF (NYSEARCA:AMLP)

Park Avenue Securities LLC lifted its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 14.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,437 shares of the exchange traded fund’s stock after acquiring an additional 2,920 shares during the quarter. Park Avenue Securities LLC’s holdings in Alerian MLP ETF were worth $1,105,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Russell Investments Group Ltd. acquired a new position in Alerian MLP ETF in the 1st quarter worth about $27,000. Asset Dedication LLC raised its position 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 valued at $32,000 after acquiring an additional 622 shares in the last quarter. Massmutual Trust Co. FSB ADV bought a new position in Alerian MLP ETF during the third quarter valued at approximately $40,000. Strategic Financial Concepts LLC bought a new stake in Alerian MLP ETF in the second quarter worth approximately $49,000. Finally, Ridgewood Investments LLC bought a new stake in Alerian MLP ETF in the second quarter worth approximately $52,000.

Alerian MLP ETF Trading Down 1.2 %

Alerian MLP ETF stock opened at $47.09 on Wednesday. The company has a market capitalization of $8.47 billion, a P/E ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a 1-year low of $41.06 and a 1-year high of $49.44. The firm’s fifty day simple moving average is $46.83 and its 200-day simple moving average is $47.03.

Alerian MLP ETF 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.