Allen Investment Management LLC Raises Holdings in Alerian MLP ETF $AMLP

Allen Investment Management LLC increased its position in Alerian MLP ETF (NYSEARCA:AMLP) by 7.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 3,751,091 shares of the exchange traded fund’s stock after purchasing an additional 249,766 shares during the period. Alerian MLP ETF accounts for about 2.0% of Allen Investment Management LLC’s holdings, making the stock its 16th biggest holding. Allen Investment Management LLC’s holdings in Alerian MLP ETF were worth $176,376,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Collar Capital Management LLC boosted its stake in Alerian MLP ETF by 1.5% during the 4th quarter. Collar Capital Management LLC now owns 33,979 shares of the exchange traded fund’s stock worth $1,598,000 after purchasing an additional 500 shares during the period. AXS Investments LLC purchased a new position in shares of Alerian MLP ETF during the fourth quarter worth about $1,567,000. Sfmg LLC increased its position in Alerian MLP ETF by 22.9% in the 4th quarter. Sfmg LLC now owns 5,809 shares of the exchange traded fund’s stock valued at $273,000 after acquiring an additional 1,084 shares during the period. Fortis Advisors LLC increased its position in Alerian MLP ETF by 2.1% in the 4th quarter. Fortis Advisors LLC now owns 14,589 shares of the exchange traded fund’s stock valued at $686,000 after acquiring an additional 303 shares during the period. Finally, Fort Sheridan Advisors LLC raised its stake in Alerian MLP ETF by 6.6% during the 4th quarter. Fort Sheridan Advisors LLC now owns 8,551 shares of the exchange traded fund’s stock valued at $402,000 after acquiring an additional 530 shares during the last quarter.

Alerian MLP ETF Price Performance

Alerian MLP ETF stock opened at $52.19 on Tuesday. The business has a 50 day simple moving average of $52.89 and a 200-day simple moving average of $50.49. Alerian MLP ETF has a 12 month low of $44.64 and a 12 month high of $55.22. The stock has a market capitalization of $12.17 billion, a PE ratio of 14.17 and a beta of 0.52.

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. 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).