Advisors Asset Management Inc. Buys Shares of 1,373 Alerian MLP ETF (NYSEARCA:AMLP)

Advisors Asset Management Inc. purchased a new position in Alerian MLP ETF (NYSEARCA:AMLP) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,373 shares of the exchange traded fund’s stock, valued at approximately $65,000.

Several other large investors also recently modified their holdings of the company. Russell Investments Group Ltd. purchased a new stake in Alerian MLP ETF during the first quarter valued at approximately $27,000. Ashton Thomas Securities LLC bought a new stake in shares of Alerian MLP ETF during the 3rd quarter valued at $28,000. Asset Dedication LLC increased its stake in shares of 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 worth $32,000 after purchasing an additional 622 shares in the last quarter. Massmutual Trust Co. FSB ADV bought a new position in Alerian MLP ETF in the 3rd quarter worth $40,000. Finally, ORG Wealth Partners LLC purchased a new position in Alerian MLP ETF during the third quarter valued at $41,000.

Alerian MLP ETF Stock Up 2.0 %

Shares of AMLP opened at $51.32 on Friday. The business has a 50-day simple moving average of $47.73 and a two-hundred day simple moving average of $47.23. Alerian MLP ETF has a 52 week low of $41.06 and a 52 week high of $51.47. The stock has a market cap of $9.23 billion, a price-to-earnings 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.