Alerian MLP ETF $AMLP Shares Bought by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC lifted its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 29.8% during the 2nd quarter, Holdings Channel.com reports. The fund owned 70,943 shares of the exchange traded fund’s stock after buying an additional 16,270 shares during the period. Concurrent Investment Advisors LLC’s holdings in Alerian MLP ETF were worth $3,678,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of AMLP. Brighton Jones LLC grew its holdings in Alerian MLP ETF by 19.4% in the fourth quarter. Brighton Jones LLC now owns 44,781 shares of the exchange traded fund’s stock valued at $2,157,000 after purchasing an additional 7,280 shares during the last quarter. Qube Research & Technologies Ltd raised its stake in shares of Alerian MLP ETF by 16.4% during the 2nd quarter. Qube Research & Technologies Ltd now owns 141,189 shares of the exchange traded fund’s stock worth $6,898,000 after buying an additional 19,916 shares during the last quarter. Sei Investments Co. acquired a new position in shares of Alerian MLP ETF during the 2nd quarter worth $623,000. Diversify Advisory Services LLC purchased a new stake in shares of Alerian MLP ETF in the 2nd quarter worth about $224,000. Finally, Quantinno Capital Management LP boosted its position in shares of Alerian MLP ETF by 63.3% in the 2nd quarter. Quantinno Capital Management LP now owns 50,768 shares of the exchange traded fund’s stock worth $2,481,000 after buying an additional 19,678 shares in the last quarter.

Alerian MLP ETF Stock Performance

Shares of NYSEARCA AMLP opened at $55.72 on Tuesday. The company’s 50-day moving average price is $54.40 and its 200 day moving average price is $53.14. Alerian MLP ETF has a 52 week low of $44.64 and a 52 week high of $56.06. The stock has a market cap of $13.09 billion, a price-to-earnings ratio of 14.17 and a beta of 0.51.

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. The Index is comprised of 25 energy infrastructure MLPs. The fund will invest at least 90% of its total assets in securities, which comprise the Index (or depositary receipts based on such securities).