Alerian MLP ETF $AMLP Stock Position Boosted by Sterling Investment Management LLC

Sterling Investment Management LLC increased its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 54.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 101,482 shares of the exchange traded fund’s stock after purchasing an additional 35,800 shares during the quarter. Alerian MLP ETF makes up approximately 2.9% of Sterling Investment Management LLC’s investment portfolio, making the stock its 8th largest position. Sterling Investment Management LLC’s holdings in Alerian MLP ETF were worth $4,763,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Kingswood Wealth Advisors LLC grew its stake in Alerian MLP ETF by 7.7% during the 2nd quarter. Kingswood Wealth Advisors LLC now owns 38,622 shares of the exchange traded fund’s stock valued at $1,887,000 after acquiring an additional 2,775 shares in the last quarter. Americana Partners LLC boosted its holdings in Alerian MLP ETF by 68.8% in the 2nd quarter. Americana Partners LLC now owns 21,758 shares of the exchange traded fund’s stock valued at $1,063,000 after purchasing an additional 8,871 shares during the last quarter. Parallel Advisors LLC grew its stake in shares of Alerian MLP ETF by 8.2% in the 2nd quarter. Parallel Advisors LLC now owns 7,558 shares of the exchange traded fund’s stock valued at $369,000 after buying an additional 572 shares during the period. Baker Avenue Asset Management LP acquired a new stake in shares of Alerian MLP ETF during the 2nd quarter worth approximately $1,700,000. Finally, Allworth Financial LP grew its holdings in shares of Alerian MLP ETF by 30.1% during the 2nd quarter. Allworth Financial LP now owns 289,212 shares of the exchange traded fund’s stock worth $14,131,000 after purchasing an additional 66,989 shares during the period.

Alerian MLP ETF Stock Performance

Alerian MLP ETF stock opened at $47.20 on Wednesday. The company’s 50 day simple moving average is $47.08 and its 200-day simple moving average is $47.69. Alerian MLP ETF has a 1 year low of $43.75 and a 1 year high of $53.24. The company has a market capitalization of $10.36 billion, a price-to-earnings ratio of 14.17 and a beta of 0.70.

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).