Allen Investment Management LLC Buys 254,444 Shares of Alerian MLP ETF $AMLP

Allen Investment Management LLC boosted its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 6.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,005,535 shares of the exchange traded fund’s stock after buying an additional 254,444 shares during the period. Alerian MLP ETF makes up about 2.6% of Allen Investment Management LLC’s investment portfolio, making the stock its 14th largest holding. Allen Investment Management LLC’s holdings in Alerian MLP ETF were worth $210,851,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in AMLP. Parallel Advisors LLC increased its holdings in shares of Alerian MLP ETF by 9.6% during the first quarter. Parallel Advisors LLC now owns 27,118 shares of the exchange traded fund’s stock valued at $1,428,000 after acquiring an additional 2,378 shares in the last quarter. Aviance Capital Partners LLC grew its position in Alerian MLP ETF by 1.3% during the 1st quarter. Aviance Capital Partners LLC now owns 34,736 shares of the exchange traded fund’s stock valued at $1,829,000 after purchasing an additional 456 shares during the last quarter. Quadrant Private Wealth Management LLC bought a new stake in Alerian MLP ETF during the 1st quarter valued at about $315,000. Kera Capital Partners Inc. increased its stake in Alerian MLP ETF by 36.6% during the 1st quarter. Kera Capital Partners Inc. now owns 210,781 shares of the exchange traded fund’s stock valued at $11,096,000 after purchasing an additional 56,426 shares in the last quarter. Finally, Gould Asset Management LLC CA raised its holdings in Alerian MLP ETF by 8.5% in the first quarter. Gould Asset Management LLC CA now owns 18,974 shares of the exchange traded fund’s stock worth $999,000 after buying an additional 1,480 shares during the last quarter.

Alerian MLP ETF Price Performance

NYSEARCA:AMLP opened at $54.03 on Monday. The stock has a market cap of $12.73 billion, a price-to-earnings ratio of 14.17 and a beta of 0.50. The company’s 50 day moving average price is $52.64 and its 200-day moving average price is $51.70. Alerian MLP ETF has a 52 week low of $44.64 and a 52 week high of $55.22.

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).