Claris Financial LLC Takes $878,000 Position in Alerian MLP ETF $AMLP

Claris Financial LLC purchased a new position in Alerian MLP ETF (NYSEARCA:AMLP) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 18,676 shares of the exchange traded fund’s stock, valued at approximately $878,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of America Corp DE lifted its holdings in Alerian MLP ETF by 0.7% during the second quarter. Bank of America Corp DE now owns 8,453,389 shares of the exchange traded fund’s stock worth $413,033,000 after buying an additional 54,835 shares during the period. Allen Investment Management LLC increased its holdings in shares of Alerian MLP ETF by 7.1% in the 4th quarter. Allen Investment Management LLC now owns 3,751,091 shares of the exchange traded fund’s stock valued at $176,376,000 after acquiring an additional 249,766 shares during the period. Raymond James Financial Inc. raised its position in shares of Alerian MLP ETF by 5.9% in the 2nd quarter. Raymond James Financial Inc. now owns 2,715,784 shares of the exchange traded fund’s stock worth $132,693,000 after acquiring an additional 152,451 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Alerian MLP ETF by 19.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,634,868 shares of the exchange traded fund’s stock worth $79,886,000 after acquiring an additional 262,817 shares in the last quarter. Finally, US Bancorp DE lifted its stake in shares of Alerian MLP ETF by 17.7% during the 4th quarter. US Bancorp DE now owns 1,409,498 shares of the exchange traded fund’s stock worth $66,275,000 after purchasing an additional 211,540 shares during the last quarter.

Alerian MLP ETF Stock Performance

Shares of Alerian MLP ETF stock opened at $50.67 on Friday. The company has a market capitalization of $11.82 billion, a PE ratio of 14.17 and a beta of 0.50. The company has a 50-day simple moving average of $52.66 and a two-hundred day simple moving average of $50.96. Alerian MLP ETF has a one year low of $44.64 and a one year high of $55.22.

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).