Parallel Advisors LLC Has $1.16 Million Stock Holdings in Alerian MLP ETF $AMLP

Parallel Advisors LLC increased its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 211.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,740 shares of the exchange traded fund’s stock after purchasing an additional 16,799 shares during the period. Parallel Advisors LLC’s holdings in Alerian MLP ETF were worth $1,163,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in AMLP. REAP Financial Group LLC raised its position in Alerian MLP ETF by 2,000.0% in the third quarter. REAP Financial Group LLC now owns 525 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 500 shares in the last quarter. Flagship Harbor Advisors LLC bought a new position in Alerian MLP ETF during the 4th quarter valued at about $43,000. Whittier Trust Co. of Nevada Inc. lifted its holdings in Alerian MLP ETF by 800.0% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,125 shares of the exchange traded fund’s stock valued at $53,000 after purchasing an additional 1,000 shares during the last quarter. BROOKFIELD Corp ON bought a new position in Alerian MLP ETF during the 2nd quarter valued at about $65,000. Finally, First Horizon Corp lifted its holdings in Alerian MLP ETF by 396.7% during the 4th quarter. First Horizon Corp now owns 1,490 shares of the exchange traded fund’s stock valued at $70,000 after purchasing an additional 1,190 shares during the last quarter.

Alerian MLP ETF Price Performance

Shares of AMLP stock opened at $52.77 on Monday. Alerian MLP ETF has a 12-month low of $44.64 and a 12-month high of $55.22. The company has a market capitalization of $12.31 billion, a P/E ratio of 14.17 and a beta of 0.50. The firm has a 50-day moving average price of $52.86 and a 200 day moving average price of $50.67.

About Alerian MLP ETF

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).