Allen Investment Management LLC Buys 291,011 Shares of Alerian MLP ETF $AMLP

Allen Investment Management LLC grew its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 9.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,501,325 shares of the exchange traded fund’s stock after buying an additional 291,011 shares during the quarter. Alerian MLP ETF makes up 1.8% of Allen Investment Management LLC’s portfolio, making the stock its 14th biggest holding. Allen Investment Management LLC’s holdings in Alerian MLP ETF were worth $164,317,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in AMLP. Oxbow Advisors LLC boosted its position in shares of Alerian MLP ETF by 11.5% during the third quarter. Oxbow Advisors LLC now owns 202,356 shares of the exchange traded fund’s stock worth $9,497,000 after acquiring an additional 20,800 shares during the last quarter. Americana Partners LLC lifted its stake in Alerian MLP ETF by 68.8% in the 2nd quarter. Americana Partners LLC now owns 21,758 shares of the exchange traded fund’s stock worth $1,063,000 after purchasing an additional 8,871 shares in the last quarter. Ball & Co Wealth Management Inc. boosted its holdings in shares of Alerian MLP ETF by 6.8% during the 3rd quarter. Ball & Co Wealth Management Inc. now owns 216,829 shares of the exchange traded fund’s stock valued at $10,175,000 after purchasing an additional 13,843 shares during the last quarter. Investment House LLC purchased a new position in shares of Alerian MLP ETF during the third quarter valued at about $735,000. Finally, Baker Avenue Asset Management LP purchased a new position in shares of Alerian MLP ETF during the second quarter valued at about $1,700,000.

Alerian MLP ETF Trading Down 0.1%

NYSEARCA:AMLP opened at $50.68 on Monday. The business’s 50-day moving average is $48.22 and its 200 day moving average is $47.73. Alerian MLP ETF has a 12 month low of $43.75 and a 12 month high of $52.93. The company has a market capitalization of $11.42 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. 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).