AMG National Trust Bank Purchases Shares of 15,399 Alerian MLP ETF $AMLP

AMG National Trust Bank bought a new stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 15,399 shares of the exchange traded fund’s stock, valued at approximately $811,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC lifted its stake in shares of Alerian MLP ETF by 19.4% in the fourth quarter. Brighton Jones LLC now owns 44,781 shares of the exchange traded fund’s stock valued at $2,157,000 after buying an additional 7,280 shares in the last quarter. Qube Research & Technologies Ltd lifted its position in shares of Alerian MLP ETF by 16.4% during the 2nd quarter. Qube Research & Technologies Ltd now owns 141,189 shares of the exchange traded fund’s stock valued at $6,898,000 after buying an additional 19,916 shares during the last quarter. Sei Investments Co. purchased a new stake in Alerian MLP ETF during the second quarter valued at about $623,000. Diversify Advisory Services LLC purchased a new stake in shares of Alerian MLP ETF during the 2nd quarter valued at approximately $224,000. Finally, Quantinno Capital Management LP boosted its holdings in shares of Alerian MLP ETF by 63.3% in the second quarter. Quantinno Capital Management LP now owns 50,768 shares of the exchange traded fund’s stock worth $2,481,000 after acquiring an additional 19,678 shares during the period.

Alerian MLP ETF Stock Down 1.2%

Shares of NYSEARCA AMLP opened at $53.20 on Thursday. The business has a 50-day simple moving average of $52.61 and a two-hundred day simple moving average of $51.60. Alerian MLP ETF has a 52 week low of $44.64 and a 52 week high of $55.22. The company has a market cap of $12.54 billion, a P/E ratio of 14.17 and a beta of 0.50.

About Alerian MLP ETF

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).