Alerian MLP ETF (NYSEARCA:AMLP) Shares Purchased by Lmcg Investments LLC

Lmcg Investments LLC boosted its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 26.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,303 shares of the exchange traded fund’s stock after buying an additional 2,594 shares during the quarter. Lmcg Investments LLC’s holdings in Alerian MLP ETF were worth $590,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. acquired a new stake in shares of Alerian MLP ETF in the 1st quarter worth approximately $27,000. Asset Dedication LLC grew its holdings in Alerian MLP ETF by 1,244.0% in the second quarter. Asset Dedication LLC now owns 672 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 622 shares during the last quarter. ICA Group Wealth Management LLC purchased a new position in shares of Alerian MLP ETF in the fourth quarter valued at $38,000. Ridgewood Investments LLC acquired a new position in shares of Alerian MLP ETF during the 2nd quarter worth $52,000. Finally, Optimum Investment Advisors boosted its position in shares of Alerian MLP ETF by 40.0% in the 2nd quarter. Optimum Investment Advisors now owns 1,400 shares of the exchange traded fund’s stock worth $67,000 after buying an additional 400 shares in the last quarter.

Alerian MLP ETF Trading Down 0.1 %

NYSEARCA:AMLP opened at $47.55 on Wednesday. The firm has a 50-day moving average price of $47.21 and a two-hundred day moving average price of $46.96. The company has a market capitalization of $8.55 billion, a P/E ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a twelve month low of $40.03 and a twelve month high of $49.44.

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.