Alerian MLP ETF (NYSEARCA:AMLP) Shares Purchased by Lake Street Advisors Group LLC

Lake Street Advisors Group LLC boosted its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 11.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 44,750 shares of the exchange traded fund’s stock after buying an additional 4,750 shares during the period. Lake Street Advisors Group LLC’s holdings in Alerian MLP ETF were worth $1,755,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Oak Family Advisors LLC boosted its holdings in Alerian MLP ETF by 1.4% in the second quarter. Oak Family Advisors LLC now owns 18,418 shares of the exchange traded fund’s stock valued at $722,000 after acquiring an additional 248 shares during the last quarter. Larson Financial Group LLC raised its holdings in shares of Alerian MLP ETF by 4.6% in the 2nd quarter. Larson Financial Group LLC now owns 6,452 shares of the exchange traded fund’s stock worth $253,000 after purchasing an additional 281 shares during the period. Geneos Wealth Management Inc. lifted its stake in shares of Alerian MLP ETF by 37.3% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,053 shares of the exchange traded fund’s stock valued at $41,000 after purchasing an additional 286 shares in the last quarter. Griffin Asset Management Inc. grew its holdings in shares of Alerian MLP ETF by 1.4% during the 2nd quarter. Griffin Asset Management Inc. now owns 20,220 shares of the exchange traded fund’s stock worth $793,000 after purchasing an additional 287 shares during the period. Finally, Good Life Advisors LLC grew its holdings in shares of Alerian MLP ETF by 3.9% during the 1st quarter. Good Life Advisors LLC now owns 8,843 shares of the exchange traded fund’s stock worth $342,000 after purchasing an additional 328 shares during the period.

Alerian MLP ETF Price Performance

NYSEARCA AMLP traded up $0.96 during mid-day trading on Friday, hitting $42.70. The company’s stock had a trading volume of 1,687,752 shares, compared to its average volume of 1,387,834. Alerian MLP ETF has a 52-week low of $35.68 and a 52-week high of $43.90. The stock’s fifty day simple moving average is $42.09 and its two-hundred day simple moving average is $40.57. The firm has a market capitalization of $6.99 billion, a P/E ratio of 13.30 and a beta of 1.42.

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.