Alerian MLP ETF $AMLP Stock Position Lifted by Continuum Advisory LLC

Continuum Advisory LLC raised its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 51.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 82,209 shares of the exchange traded fund’s stock after purchasing an additional 27,773 shares during the quarter. Continuum Advisory LLC’s holdings in Alerian MLP ETF were worth $3,858,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Orion Porfolio Solutions LLC grew its holdings in shares of Alerian MLP ETF by 326.3% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 1,039,696 shares of the exchange traded fund’s stock valued at $50,800,000 after acquiring an additional 795,787 shares in the last quarter. Rockefeller Capital Management L.P. grew its stake in Alerian MLP ETF by 60.4% in the second quarter. Rockefeller Capital Management L.P. now owns 856,674 shares of the exchange traded fund’s stock valued at $41,857,000 after purchasing an additional 322,729 shares in the last quarter. TRUE Private Wealth Advisors grew its stake in Alerian MLP ETF by 3,254.0% in the second quarter. TRUE Private Wealth Advisors now owns 330,398 shares of the exchange traded fund’s stock valued at $16,143,000 after purchasing an additional 320,547 shares in the last quarter. RS Crum Inc. acquired a new position in Alerian MLP ETF in the 2nd quarter worth about $14,966,000. Finally, Thrivent Financial for Lutherans raised its stake in shares of Alerian MLP ETF by 1,100.8% during the 2nd quarter. Thrivent Financial for Lutherans now owns 329,183 shares of the exchange traded fund’s stock worth $16,084,000 after purchasing an additional 301,769 shares in the last quarter.

Alerian MLP ETF Price Performance

Shares of Alerian MLP ETF stock opened at $46.98 on Tuesday. The firm has a market cap of $10.31 billion, a price-to-earnings ratio of 14.17 and a beta of 0.70. The stock has a 50-day simple moving average of $47.06 and a 200-day simple moving average of $47.70. Alerian MLP ETF has a 52-week low of $43.75 and a 52-week high of $53.24.

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. The Index is comprised of 25 energy infrastructure MLPs. The fund will invest at least 90% of its total assets in securities, which comprise the Index (or depositary receipts based on such securities).