Cresset Asset Management LLC Raises Stock Holdings in Alerian MLP ETF $AMLP

Cresset Asset Management LLC boosted its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 256.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,606 shares of the exchange traded fund’s stock after purchasing an additional 23,464 shares during the quarter. Cresset Asset Management LLC’s holdings in Alerian MLP ETF were worth $1,593,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Nova Wealth Management Inc. acquired a new stake in shares of Alerian MLP ETF during the second quarter worth approximately $28,000. Mid American Wealth Advisory Group Inc. acquired a new stake in Alerian MLP ETF in the second quarter valued at $29,000. Manchester Capital Management LLC bought a new position in Alerian MLP ETF during the 2nd quarter valued at $29,000. Headlands Technologies LLC acquired a new position in Alerian MLP ETF during the 1st quarter worth $31,000. Finally, Crews Bank & Trust bought a new stake in shares of Alerian MLP ETF in the 2nd quarter worth about $39,000.

Alerian MLP ETF Stock Performance

Shares of Alerian MLP ETF stock opened at $47.42 on Wednesday. Alerian MLP ETF has a 1 year low of $43.75 and a 1 year high of $53.24. The firm’s 50-day simple moving average is $46.74 and its 200-day simple moving average is $47.83. The firm has a market cap of $10.41 billion, a PE ratio of 14.17 and a beta of 0.70.

About Alerian MLP ETF

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.