Assetmark Inc. Has $3.12 Million Stock Holdings in Alerian MLP ETF $AMLP

Assetmark Inc. lifted its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 227,571.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 63,748 shares of the exchange traded fund’s stock after purchasing an additional 63,720 shares during the period. Assetmark Inc.’s holdings in Alerian MLP ETF were worth $3,115,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. LPL Financial LLC boosted its holdings in shares of Alerian MLP ETF by 15.6% during the 1st quarter. LPL Financial LLC now owns 3,238,970 shares of the exchange traded fund’s stock worth $168,232,000 after buying an additional 437,947 shares during the period. Allen Investment Management LLC boosted its holdings in shares of Alerian MLP ETF by 31.7% during the 1st quarter. Allen Investment Management LLC now owns 3,080,512 shares of the exchange traded fund’s stock worth $160,002,000 after buying an additional 740,605 shares during the period. Raymond James Financial Inc. boosted its holdings in shares of Alerian MLP ETF by 18.6% during the 1st quarter. Raymond James Financial Inc. now owns 2,563,333 shares of the exchange traded fund’s stock worth $133,140,000 after buying an additional 401,133 shares during the period. Naviter Wealth LLC boosted its holdings in shares of Alerian MLP ETF by 17.5% during the 2nd quarter. Naviter Wealth LLC now owns 1,311,189 shares of the exchange traded fund’s stock worth $64,065,000 after buying an additional 194,949 shares during the period. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Alerian MLP ETF by 1.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,113,670 shares of the exchange traded fund’s stock worth $54,414,000 after buying an additional 14,538 shares during the period.

Alerian MLP ETF Stock Performance

Shares of AMLP stock opened at $46.62 on Tuesday. The company has a market capitalization of $10.23 billion, a price-to-earnings ratio of 14.17 and a beta of 0.70. The company has a 50-day simple moving average of $47.02 and a 200 day simple moving average of $48.10. Alerian MLP ETF has a 52 week low of $43.75 and a 52 week high of $53.24.

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.