Alerian MLP ETF (NYSEARCA:AMLP) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lifted its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLPFree Report) by 6.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,415,927 shares of the exchange traded fund’s stock after purchasing an additional 87,714 shares during the quarter. Envestnet Asset Management Inc. owned about 0.87% of Alerian MLP ETF worth $60,205,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AMLP. Provence Wealth Management Group acquired a new position in Alerian MLP ETF during the third quarter worth $31,000. First United Bank & Trust purchased a new stake in shares of Alerian MLP ETF in the 4th quarter valued at $35,000. McGlone Suttner Wealth Management Inc. acquired a new position in Alerian MLP ETF during the 4th quarter worth about $39,000. Friedenthal Financial purchased a new position in Alerian MLP ETF during the 4th quarter valued at about $54,000. Finally, Eagle Bay Advisors LLC acquired a new position in Alerian MLP ETF in the 4th quarter valued at about $56,000.

Alerian MLP ETF Price Performance

Shares of NYSEARCA:AMLP opened at $46.98 on Tuesday. The firm has a market capitalization of $8.45 billion, a PE ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a 1 year low of $37.84 and a 1 year high of $48.48. The firm’s 50-day moving average is $46.66 and its two-hundred day moving average is $45.13.

Alerian MLP ETF Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Alerian MLP ETF (NYSEARCA:AMLP)

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