Alerian MLP ETF $AMLP Stock: MGO One Seven LLC Increases Position

MGO One Seven LLC lifted its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 26.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 55,890 shares of the exchange traded fund’s stock after acquiring an additional 11,710 shares during the period. MGO One Seven LLC’s holdings in Alerian MLP ETF were worth $2,899,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allen Investment Management LLC boosted its holdings in Alerian MLP ETF by 6.8% in the 1st quarter. Allen Investment Management LLC now owns 4,005,535 shares of the exchange traded fund’s stock worth $210,851,000 after acquiring an additional 254,444 shares during the period. Royal Bank of Canada raised its stake in shares of Alerian MLP ETF by 6.8% during the first quarter. Royal Bank of Canada now owns 2,414,295 shares of the exchange traded fund’s stock valued at $127,088,000 after purchasing an additional 154,146 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of Alerian MLP ETF by 6.4% during the second quarter. Envestnet Asset Management Inc. now owns 965,702 shares of the exchange traded fund’s stock worth $50,072,000 after purchasing an additional 57,663 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Alerian MLP ETF by 6.8% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 882,651 shares of the exchange traded fund’s stock worth $46,463,000 after purchasing an additional 56,516 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its stake in shares of Alerian MLP ETF by 12.6% in the second quarter. NewEdge Advisors LLC now owns 627,920 shares of the exchange traded fund’s stock valued at $32,558,000 after purchasing an additional 70,402 shares during the period.

Alerian MLP ETF Trading Down 0.3%

Shares of AMLP stock opened at $52.60 on Wednesday. The company has a market capitalization of $12.69 billion, a PE ratio of 14.17 and a beta of 0.53. The firm has a fifty day simple moving average of $53.82 and a 200-day simple moving average of $52.87. Alerian MLP ETF has a twelve month low of $46.04 and a twelve month high of $56.43.

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).