Advisory Services Network LLC Purchases 11,355 Shares of Alerian MLP ETF $AMLP

Advisory Services Network LLC lifted its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 7.6% in the second quarter, HoldingsChannel.com reports. The firm owned 159,884 shares of the exchange traded fund’s stock after purchasing an additional 11,355 shares during the period. Advisory Services Network LLC’s holdings in Alerian MLP ETF were worth $8,005,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nova Wealth Management Inc. purchased a new position in Alerian MLP ETF during the 2nd quarter valued at about $28,000. Mid American Wealth Advisory Group Inc. bought a new position in shares of Alerian MLP ETF during the 2nd quarter valued at $29,000. Manchester Capital Management LLC bought a new stake in shares of Alerian MLP ETF during the 2nd quarter valued at about $29,000. Crews Bank & Trust bought a new position in Alerian MLP ETF in the second quarter worth approximately $39,000. Finally, Independence Bank of Kentucky grew its holdings in Alerian MLP ETF by 517.5% during the second quarter. Independence Bank of Kentucky now owns 988 shares of the exchange traded fund’s stock valued at $48,000 after purchasing an additional 828 shares during the period.

Alerian MLP ETF Stock Performance

Shares of Alerian MLP ETF stock opened at $47.41 on Monday. The company has a fifty day moving average of $46.78 and a 200 day moving average of $47.81. Alerian MLP ETF has a fifty-two week low of $43.75 and a fifty-two week high of $53.24. The company has a market capitalization of $10.40 billion, a P/E ratio of 14.17 and a beta of 0.70.

Alerian MLP ETF Company 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.