Transcend Capital Advisors LLC Has $2.95 Million Stock Position in Alerian MLP ETF (NYSEARCA:AMLP)

Transcend Capital Advisors LLC boosted its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 11.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 69,345 shares of the exchange traded fund’s stock after buying an additional 6,960 shares during the period. Transcend Capital Advisors LLC’s holdings in Alerian MLP ETF were worth $2,949,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. UBS Group AG grew its position in shares of Alerian MLP ETF by 4.7% during the 3rd quarter. UBS Group AG now owns 2,884,519 shares of the exchange traded fund’s stock worth $121,727,000 after purchasing an additional 129,611 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Alerian MLP ETF by 8.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,328,213 shares of the exchange traded fund’s stock worth $56,051,000 after acquiring an additional 104,779 shares during the period. Raymond James & Associates lifted its holdings in shares of Alerian MLP ETF by 5.1% during the 4th quarter. Raymond James & Associates now owns 1,305,809 shares of the exchange traded fund’s stock worth $55,523,000 after acquiring an additional 63,053 shares during the period. Allen Investment Management LLC lifted its holdings in shares of Alerian MLP ETF by 2.5% during the 3rd quarter. Allen Investment Management LLC now owns 1,096,931 shares of the exchange traded fund’s stock worth $46,290,000 after acquiring an additional 27,013 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Alerian MLP ETF by 58.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,030,729 shares of the exchange traded fund’s stock worth $43,522,000 after acquiring an additional 380,025 shares during the period.

Alerian MLP ETF Stock Performance

Shares of Alerian MLP ETF stock traded up $0.16 on Friday, reaching $47.52. 874,340 shares of the stock were exchanged, compared to its average volume of 1,260,757. The firm’s 50 day moving average is $46.71 and its 200-day moving average is $44.24. Alerian MLP ETF has a one year low of $37.06 and a one year high of $48.48. The firm has a market cap of $8.46 billion, a PE ratio of 12.87 and a beta of 0.51.

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.