United Asset Strategies Inc. Purchases New Shares in Alerian MLP ETF (NYSEARCA:AMLP)

United Asset Strategies Inc. purchased a new stake in Alerian MLP ETF (NYSEARCA:AMLP) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 6,812 shares of the exchange traded fund’s stock, valued at approximately $321,000.

A number of other institutional investors have also recently added to or reduced their stakes in AMLP. LPL Financial LLC boosted its stake in Alerian MLP ETF by 8.9% during the 2nd quarter. LPL Financial LLC now owns 2,124,708 shares of the exchange traded fund’s stock worth $101,943,000 after purchasing an additional 173,805 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Alerian MLP ETF by 15.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,007,435 shares of the exchange traded fund’s stock worth $96,317,000 after acquiring an additional 272,696 shares during the period. 1832 Asset Management L.P. raised its holdings in shares of Alerian MLP ETF by 58.2% during the 1st quarter. 1832 Asset Management L.P. now owns 1,912,850 shares of the exchange traded fund’s stock worth $90,784,000 after acquiring an additional 703,620 shares during the period. Allen Investment Management LLC raised its holdings in shares of Alerian MLP ETF by 16.8% during the 2nd quarter. Allen Investment Management LLC now owns 1,315,442 shares of the exchange traded fund’s stock worth $63,115,000 after acquiring an additional 188,980 shares during the period. Finally, Raymond James & Associates raised its holdings in shares of Alerian MLP ETF by 2.4% during the 3rd quarter. Raymond James & Associates now owns 1,061,519 shares of the exchange traded fund’s stock worth $50,029,000 after acquiring an additional 24,674 shares during the period.

Alerian MLP ETF Stock Down 0.4 %

NYSEARCA AMLP opened at $46.53 on Friday. Alerian MLP ETF has a 52 week low of $41.06 and a 52 week high of $49.44. The business’s fifty day simple moving average is $47.06 and its 200-day simple moving average is $47.00. The firm has a market cap of $8.37 billion, a PE ratio of 13.08 and a beta of 0.48.

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.