Main Street Financial Solutions LLC Takes Position in Alerian MLP ETF $AMLP

Main Street Financial Solutions LLC bought a new position in shares of Alerian MLP ETF (NYSEARCA:AMLP) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 31,830 shares of the exchange traded fund’s stock, valued at approximately $1,650,000.

Other hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC lifted its holdings in shares of Alerian MLP ETF by 19.4% during the fourth quarter. Brighton Jones LLC now owns 44,781 shares of the exchange traded fund’s stock worth $2,157,000 after buying an additional 7,280 shares in the last quarter. Qube Research & Technologies Ltd increased its position in Alerian MLP ETF by 16.4% during the second quarter. Qube Research & Technologies Ltd now owns 141,189 shares of the exchange traded fund’s stock worth $6,898,000 after acquiring an additional 19,916 shares during the period. Sei Investments Co. bought a new position in Alerian MLP ETF during the second quarter worth about $623,000. Diversify Advisory Services LLC acquired a new stake in Alerian MLP ETF in the 2nd quarter worth about $224,000. Finally, Quantinno Capital Management LP boosted its holdings in Alerian MLP ETF by 63.3% in the 2nd quarter. Quantinno Capital Management LP now owns 50,768 shares of the exchange traded fund’s stock valued at $2,481,000 after purchasing an additional 19,678 shares during the period.

Alerian MLP ETF Stock Up 1.1%

Shares of NYSEARCA:AMLP opened at $55.31 on Wednesday. The company’s 50 day moving average price is $53.28 and its two-hundred day moving average price is $52.69. Alerian MLP ETF has a 12-month low of $44.64 and a 12-month high of $55.66. The firm has a market cap of $13.00 billion, a PE ratio of 14.17 and a beta of 0.50.

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).