Oxbow Advisors LLC Acquires 227,096 Shares of Alerian MLP ETF $AMLP

Oxbow Advisors LLC boosted its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 100.4% during the 1st quarter, HoldingsChannel.com reports. The fund owned 453,356 shares of the exchange traded fund’s stock after purchasing an additional 227,096 shares during the period. Alerian MLP ETF accounts for approximately 2.0% of Oxbow Advisors LLC’s portfolio, making the stock its 7th biggest position. Oxbow Advisors LLC’s holdings in Alerian MLP ETF were worth $23,865,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Bank of America Corp DE raised its position in shares of Alerian MLP ETF by 0.7% during the second quarter. Bank of America Corp DE now owns 8,453,389 shares of the exchange traded fund’s stock worth $413,033,000 after purchasing an additional 54,835 shares during the period. Allen Investment Management LLC lifted its holdings in shares of Alerian MLP ETF by 7.1% during the 4th quarter. Allen Investment Management LLC now owns 3,751,091 shares of the exchange traded fund’s stock valued at $176,376,000 after purchasing an additional 249,766 shares in the last quarter. Raymond James Financial Inc. grew its position in shares of Alerian MLP ETF by 5.9% in the 2nd quarter. Raymond James Financial Inc. now owns 2,715,784 shares of the exchange traded fund’s stock valued at $132,693,000 after purchasing an additional 152,451 shares during the period. Ameriprise Financial Inc. increased its stake in Alerian MLP ETF by 19.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,634,868 shares of the exchange traded fund’s stock worth $79,886,000 after purchasing an additional 262,817 shares in the last quarter. Finally, US Bancorp DE increased its stake in Alerian MLP ETF by 17.7% during the 4th quarter. US Bancorp DE now owns 1,409,498 shares of the exchange traded fund’s stock worth $66,275,000 after purchasing an additional 211,540 shares in the last quarter.

Alerian MLP ETF Stock Performance

Shares of AMLP stock opened at $52.06 on Friday. The company has a market capitalization of $12.22 billion, a P/E ratio of 14.17 and a beta of 0.50. The company’s 50 day moving average price is $52.58 and its two-hundred day moving average price is $51.23. Alerian MLP ETF has a 52 week low of $44.64 and a 52 week high of $55.22.

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. 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).