Johnson Investment Counsel Inc. Makes New Investment in Alerian MLP ETF (NYSEARCA:AMLP)

Johnson Investment Counsel Inc. bought a new position in Alerian MLP ETF (NYSEARCA:AMLP) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 51,788 shares of the exchange traded fund’s stock, valued at approximately $2,031,000.

Several other hedge funds also recently bought and sold shares of AMLP. Oak Family Advisors LLC raised its holdings in shares of Alerian MLP ETF by 1.4% during the second quarter. Oak Family Advisors LLC now owns 18,418 shares of the exchange traded fund’s stock worth $722,000 after acquiring an additional 248 shares during the period. Larson Financial Group LLC raised its holdings in shares of Alerian MLP ETF by 4.6% during the second quarter. Larson Financial Group LLC now owns 6,452 shares of the exchange traded fund’s stock worth $253,000 after acquiring an additional 281 shares during the period. Geneos Wealth Management Inc. raised its holdings in shares of Alerian MLP ETF by 37.3% during the second quarter. Geneos Wealth Management Inc. now owns 1,053 shares of the exchange traded fund’s stock worth $41,000 after acquiring an additional 286 shares during the period. Griffin Asset Management Inc. raised its holdings in shares of Alerian MLP ETF by 1.4% during the second quarter. Griffin Asset Management Inc. now owns 20,220 shares of the exchange traded fund’s stock worth $793,000 after acquiring an additional 287 shares during the period. Finally, Good Life Advisors LLC raised its holdings in shares of Alerian MLP ETF by 3.9% during the first quarter. Good Life Advisors LLC now owns 8,843 shares of the exchange traded fund’s stock worth $342,000 after acquiring an additional 328 shares during the period.

Alerian MLP ETF Trading Up 2.3 %

Shares of AMLP stock opened at $42.70 on Friday. Alerian MLP ETF has a 1 year low of $35.68 and a 1 year high of $43.90. The firm’s fifty day moving average price is $42.09 and its two-hundred day moving average price is $40.58. 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 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.