Advisors Preferred LLC Makes New Investment in Alerian MLP ETF $AMLP

Advisors Preferred LLC acquired a new stake in Alerian MLP ETF (NYSEARCA:AMLP) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 139,680 shares of the exchange traded fund’s stock, valued at approximately $7,353,000. Alerian MLP ETF comprises about 1.1% of Advisors Preferred LLC’s investment portfolio, making the stock its 27th biggest position. Advisors Preferred LLC owned approximately 0.06% of Alerian MLP ETF as of its most recent filing with the SEC.

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

Alerian MLP ETF Stock Up 0.2%

Shares of AMLP stock opened at $53.82 on Wednesday. The company has a market cap of $12.69 billion, a price-to-earnings ratio of 14.17 and a beta of 0.50. Alerian MLP ETF has a 52 week low of $44.64 and a 52 week high of $55.22. The firm has a 50 day moving average of $52.61 and a 200-day moving average of $51.56.

Alerian MLP ETF Company 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).