HBK Sorce Advisory LLC Acquires Shares of 19,391 Alerian MLP ETF $AMLP

HBK Sorce Advisory LLC acquired a new stake in Alerian MLP ETF (NYSEARCA:AMLP) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 19,391 shares of the exchange traded fund’s stock, valued at approximately $899,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC grew its position in Alerian MLP ETF by 19.4% in the fourth quarter. Brighton Jones LLC now owns 44,781 shares of the exchange traded fund’s stock valued at $2,157,000 after acquiring an additional 7,280 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Alerian MLP ETF by 122.8% in the 1st quarter. Russell Investments Group Ltd. now owns 1,867 shares of the exchange traded fund’s stock valued at $97,000 after purchasing an additional 1,029 shares in the last quarter. Ieq Capital LLC boosted its stake in shares of Alerian MLP ETF by 86.8% in the 1st quarter. Ieq Capital LLC now owns 18,806 shares of the exchange traded fund’s stock valued at $977,000 after purchasing an additional 8,739 shares in the last quarter. CreativeOne Wealth LLC grew its holdings in shares of Alerian MLP ETF by 11.3% in the 1st quarter. CreativeOne Wealth LLC now owns 4,956 shares of the exchange traded fund’s stock worth $257,000 after purchasing an additional 504 shares during the last quarter. Finally, Baird Financial Group Inc. increased its position in shares of Alerian MLP ETF by 107.3% during the 1st quarter. Baird Financial Group Inc. now owns 30,862 shares of the exchange traded fund’s stock worth $1,603,000 after purchasing an additional 15,971 shares in the last quarter.

Alerian MLP ETF Price Performance

Shares of AMLP stock opened at $46.98 on Tuesday. The company has a market capitalization of $10.31 billion, a P/E ratio of 14.17 and a beta of 0.70. Alerian MLP ETF has a 12-month low of $43.75 and a 12-month high of $53.24. The firm has a 50-day moving average price of $47.06 and a 200 day moving average price of $47.70.

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).