Lmcg Investments LLC Has $1.44 Million Stock Holdings in Alerian MLP ETF $AMLP

Lmcg Investments LLC grew its position in Alerian MLP ETF (NYSEARCA:AMLP) by 12.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 29,433 shares of the exchange traded fund’s stock after purchasing an additional 3,360 shares during the period. Lmcg Investments LLC’s holdings in Alerian MLP ETF were worth $1,438,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Allen Wealth Management LLC raised its holdings in Alerian MLP ETF by 1.5% in the second quarter. Allen Wealth Management LLC now owns 321,313 shares of the exchange traded fund’s stock worth $15,699,000 after purchasing an additional 4,665 shares during the period. Aurora Private Wealth Inc. increased its position in shares of Alerian MLP ETF by 1.2% during the second quarter. Aurora Private Wealth Inc. now owns 28,830 shares of the exchange traded fund’s stock worth $1,409,000 after acquiring an additional 329 shares in the last quarter. Total Wealth Planning & Management Inc. increased its position in shares of Alerian MLP ETF by 6.8% during the second quarter. Total Wealth Planning & Management Inc. now owns 22,588 shares of the exchange traded fund’s stock worth $1,104,000 after acquiring an additional 1,432 shares in the last quarter. WMG Financial Advisors LLC increased its position in shares of Alerian MLP ETF by 11.5% during the second quarter. WMG Financial Advisors LLC now owns 29,526 shares of the exchange traded fund’s stock worth $1,443,000 after acquiring an additional 3,050 shares in the last quarter. Finally, Ulland Investment Advisors LLC increased its position in shares of Alerian MLP ETF by 22.5% during the second quarter. Ulland Investment Advisors LLC now owns 19,098 shares of the exchange traded fund’s stock worth $933,000 after acquiring an additional 3,512 shares in the last quarter.

Alerian MLP ETF Stock Down 2.1%

Shares of AMLP stock opened at $44.68 on Friday. The firm has a fifty day moving average of $47.73 and a 200-day moving average of $48.35. Alerian MLP ETF has a 12-month low of $43.75 and a 12-month high of $53.24. The company has a market capitalization of $9.79 billion, a price-to-earnings ratio of 14.17 and a beta of 1.42.

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.