Envestnet Asset Management Inc. Buys 159,747 Shares of Alerian MLP ETF $AMLP

Envestnet Asset Management Inc. raised its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 14.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,273,417 shares of the exchange traded fund’s stock after buying an additional 159,747 shares during the period. Envestnet Asset Management Inc.’s holdings in Alerian MLP ETF were worth $59,761,000 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. Mid American Wealth Advisory Group Inc. purchased a new stake in shares of Alerian MLP ETF during the second quarter worth about $29,000. Manchester Capital Management LLC purchased a new stake in shares of Alerian MLP ETF during the second quarter valued at $29,000. GAMMA Investing LLC increased its position in shares of Alerian MLP ETF by 213.9% in the 3rd quarter. GAMMA Investing LLC now owns 653 shares of the exchange traded fund’s stock valued at $31,000 after acquiring an additional 445 shares during the period. MJT & Associates Financial Advisory Group Inc. lifted its holdings in shares of Alerian MLP ETF by 136.3% during the third quarter. MJT & Associates Financial Advisory Group Inc. now owns 945 shares of the exchange traded fund’s stock worth $44,000 after purchasing an additional 545 shares during the period. Finally, HM Payson & Co. purchased a new stake in Alerian MLP ETF during the third quarter worth $47,000.

Alerian MLP ETF Stock Performance

Alerian MLP ETF stock opened at $50.95 on Tuesday. The company’s fifty day moving average price is $48.28 and its 200 day moving average price is $47.74. Alerian MLP ETF has a 1 year low of $43.75 and a 1 year high of $52.93. The stock has a market capitalization of $11.48 billion, a P/E ratio of 14.17 and a beta of 0.70.

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).