PNC Financial Services Group Inc. Buys 20,266 Shares of Alerian MLP ETF (AMLP)
PNC Financial Services Group Inc. raised its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 11.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 204,625 shares of the exchange traded fund’s stock after purchasing an additional 20,266 shares during the period. PNC Financial Services Group Inc.’s holdings in Alerian MLP ETF were worth $2,067,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in AMLP. Segall Bryant & Hamill LLC bought a new stake in Alerian MLP ETF during the first quarter valued at about $102,000. Sadoff Investment Management LLC purchased a new position in shares of Alerian MLP ETF in the second quarter valued at about $108,000. American Century Companies Inc. purchased a new position in shares of Alerian MLP ETF in the second quarter valued at about $132,000. Crabel Capital Management LLC lifted its position in shares of Alerian MLP ETF by 49.3% in the second quarter. Crabel Capital Management LLC now owns 15,499 shares of the exchange traded fund’s stock valued at $157,000 after acquiring an additional 5,116 shares in the last quarter. Finally, Resources Investment Advisors Inc. lifted its position in shares of Alerian MLP ETF by 113.0% in the first quarter. Resources Investment Advisors Inc. now owns 16,827 shares of the exchange traded fund’s stock valued at $158,000 after acquiring an additional 8,927 shares in the last quarter.
Shares of Alerian MLP ETF stock opened at $10.90 on Friday. Alerian MLP ETF has a 52 week low of $9.01 and a 52 week high of $11.89.
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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