Alerian MLP (AMLP) Shares Bought by WESCAP Management Group Inc.
WESCAP Management Group Inc. raised its holdings in shares of Alerian MLP (NYSE:AMLP) by 5.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 261,182 shares of the exchange traded fund’s stock after purchasing an additional 13,757 shares during the quarter. Alerian MLP accounts for approximately 1.5% of WESCAP Management Group Inc.’s investment portfolio, making the stock its 17th largest holding. WESCAP Management Group Inc.’s holdings in Alerian MLP were worth $3,123,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in AMLP. TIAA FSB purchased a new position in shares of Alerian MLP during the second quarter valued at $81,901,000. Ameriprise Financial Inc. increased its stake in shares of Alerian MLP by 13.1% during the second quarter. Ameriprise Financial Inc. now owns 4,672,433 shares of the exchange traded fund’s stock valued at $55,605,000 after buying an additional 541,285 shares during the period. ST Germain D J Co. Inc. increased its stake in shares of Alerian MLP by 149.6% during the second quarter. ST Germain D J Co. Inc. now owns 2,789,343 shares of the exchange traded fund’s stock valued at $33,361,000 after buying an additional 1,672,023 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of Alerian MLP by 7.0% during the second quarter. Janney Montgomery Scott LLC now owns 1,721,221 shares of the exchange traded fund’s stock valued at $20,586,000 after buying an additional 113,175 shares during the period. Finally, Bessemer Group Inc. purchased a new position in shares of Alerian MLP during the second quarter valued at $13,802,000.
Shares of Alerian MLP (NYSE:AMLP) traded down 0.27% during trading on Friday, hitting $11.09. The stock had a trading volume of 861,722 shares. The company’s 50 day moving average price is $11.17 and its 200 day moving average price is $11.97. Alerian MLP has a 12 month low of $10.51 and a 12 month high of $13.31.
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About Alerian MLP
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.
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