Hara Capital LLC Takes $129,000 Position in Alerian MLP ETF (NYSEARCA:AMLP)

Hara Capital LLC bought a new stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) during the 3rd quarter, HoldingsChannel reports. The institutional investor bought 2,740 shares of the exchange traded fund’s stock, valued at approximately $129,000.

Several other institutional investors and hedge funds also recently bought and sold shares of AMLP. LPL Financial LLC boosted its stake in shares of Alerian MLP ETF by 8.9% during the second quarter. LPL Financial LLC now owns 2,124,708 shares of the exchange traded fund’s stock valued at $101,943,000 after purchasing an additional 173,805 shares during the period. Envestnet Asset Management Inc. increased its position 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 worth $96,317,000 after acquiring an additional 272,696 shares during the period. 1832 Asset Management L.P. raised its stake in shares of Alerian MLP ETF by 58.2% during the first 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 acquiring an additional 703,620 shares in the last quarter. Allen Investment Management LLC boosted its holdings in shares of Alerian MLP ETF by 16.8% in the second quarter. Allen Investment Management LLC now owns 1,315,442 shares of the exchange traded fund’s stock valued at $63,115,000 after purchasing an additional 188,980 shares during the period. Finally, Raymond James & Associates grew its stake in Alerian MLP ETF by 2.4% in the third quarter. Raymond James & Associates now owns 1,061,519 shares of the exchange traded fund’s stock worth $50,029,000 after purchasing an additional 24,674 shares in the last quarter.

Alerian MLP ETF Stock Performance

NYSEARCA AMLP traded down $0.02 on Thursday, reaching $48.36. 317,832 shares of the stock traded hands, compared to its average volume of 1,308,211. Alerian MLP ETF has a 12 month low of $41.06 and a 12 month high of $49.44. The company has a fifty day moving average price of $47.11 and a 200-day moving average price of $47.04. The company has a market cap of $8.70 billion, a price-to-earnings 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.