SCS Capital Management LLC Makes New $3.77 Million Investment in Alerian MLP ETF $AMLP

SCS Capital Management LLC bought a new position in Alerian MLP ETF (NYSEARCA:AMLP) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 72,608 shares of the exchange traded fund’s stock, valued at approximately $3,771,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. LPL Financial LLC lifted its position in Alerian MLP ETF by 15.6% in the 1st quarter. LPL Financial LLC now owns 3,238,970 shares of the exchange traded fund’s stock worth $168,232,000 after buying an additional 437,947 shares in the last quarter. Allen Investment Management LLC lifted its position in Alerian MLP ETF by 31.7% in the 1st quarter. Allen Investment Management LLC now owns 3,080,512 shares of the exchange traded fund’s stock worth $160,002,000 after buying an additional 740,605 shares in the last quarter. Raymond James Financial Inc. lifted its position in Alerian MLP ETF by 18.6% in the 1st quarter. Raymond James Financial Inc. now owns 2,563,333 shares of the exchange traded fund’s stock worth $133,140,000 after buying an additional 401,133 shares in the last quarter. Royal Bank of Canada lifted its position in Alerian MLP ETF by 5.5% in the 4th quarter. Royal Bank of Canada now owns 1,813,608 shares of the exchange traded fund’s stock worth $87,343,000 after buying an additional 94,164 shares in the last quarter. Finally, Naviter Wealth LLC lifted its position in Alerian MLP ETF by 4.1% in the 1st quarter. Naviter Wealth LLC now owns 1,116,240 shares of the exchange traded fund’s stock worth $58,123,000 after buying an additional 43,833 shares in the last quarter.

Alerian MLP ETF Trading Up 0.4%

Alerian MLP ETF stock opened at $47.64 on Wednesday. The company has a market capitalization of $10.24 billion, a P/E ratio of 14.17 and a beta of 1.42. The firm’s fifty day simple moving average is $48.67 and its 200-day simple moving average is $49.05. Alerian MLP ETF has a 1-year low of $43.75 and a 1-year high of $53.24.

About Alerian MLP ETF

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.