Alerian MLP ETF $AMLP Shares Purchased by Moran Wealth Management LLC

Moran Wealth Management LLC increased its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 53.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,393 shares of the exchange traded fund’s stock after buying an additional 21,803 shares during the quarter. Moran Wealth Management LLC’s holdings in Alerian MLP ETF were worth $3,284,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Bank of America Corp DE raised its stake in Alerian MLP ETF by 0.7% in the second quarter. Bank of America Corp DE now owns 8,453,389 shares of the exchange traded fund’s stock valued at $413,033,000 after buying an additional 54,835 shares during the last quarter. Allen Investment Management LLC raised its position 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 purchasing an additional 249,766 shares during the last quarter. 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 valued at $132,693,000 after purchasing an additional 152,451 shares during 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 valued at $79,886,000 after purchasing an additional 262,817 shares during the last quarter. Finally, US Bancorp DE boosted its stake in Alerian MLP ETF by 17.7% in 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 in the last quarter.

Alerian MLP ETF Stock Performance

NYSEARCA:AMLP opened at $52.06 on Monday. The company has a market cap of $12.22 billion, a PE ratio of 14.17 and a beta of 0.50. Alerian MLP ETF has a twelve month low of $44.64 and a twelve month high of $55.22. The company’s 50 day moving average is $52.58 and its two-hundred day moving average is $51.26.

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).