PFG Advisors Has $8.84 Million Stock Holdings in Alerian MLP ETF (NYSEARCA:AMLP)

PFG Advisors boosted its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 9.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 187,566 shares of the exchange traded fund’s stock after purchasing an additional 15,521 shares during the period. PFG Advisors owned about 0.10% of Alerian MLP ETF worth $8,840,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. LPL Financial LLC lifted its position in shares of 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 buying an additional 173,805 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of Alerian MLP ETF by 15.7% during the second quarter. Envestnet Asset Management Inc. now owns 2,007,435 shares of the exchange traded fund’s stock valued at $96,317,000 after acquiring an additional 272,696 shares during the period. 1832 Asset Management L.P. boosted its stake in shares of Alerian MLP ETF by 58.2% in the 1st quarter. 1832 Asset Management L.P. now owns 1,912,850 shares of the exchange traded fund’s stock valued at $90,784,000 after purchasing an additional 703,620 shares in the last quarter. Allen Investment Management LLC grew its holdings in shares of Alerian MLP ETF by 16.8% in 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 purchasing an additional 188,980 shares during the last quarter. Finally, TIAA Trust National Association increased its position in shares of Alerian MLP ETF by 1.1% during the 1st quarter. TIAA Trust National Association now owns 980,836 shares of the exchange traded fund’s stock worth $46,550,000 after purchasing an additional 10,517 shares in the last quarter.

Alerian MLP ETF Stock Down 0.9 %

Shares of AMLP stock opened at $47.23 on Wednesday. The company has a market capitalization of $8.50 billion, a P/E ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a 12-month low of $41.06 and a 12-month high of $49.44. The firm has a 50-day moving average price of $46.87 and a 200 day moving average price of $47.04.

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.